At the beginning of 2017, Yummy Cupcakes, Inc has the following ledger balances
Accounts Receivable $40,000 (Debit)
Allowance for Bad Debts $7,000 (Credit)
During the year, credit sales amounted to $810,000. Cash collected on credit sales amounted to $760,000, and $16,000 has been written off. Yummy Cupcakes uses the aging-of-receivables method to record bad debts expense. The estimate of uncollectible accounts was $26,000. The ending balance in the Allowance for Bad Debts is ________.
A) $35,000
B) $16,000
C) $26,000
D) $19,000
C
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