Pay level: There are _____, ___, _____ paying companies

Oakpark, Inc.'s $180,000 Accounts Receivable balance at December 31 consisted of $160,000 current balances and $20,000 past-due balances. At December 31, the Allowance for Doubtful Accounts had a credit balance of $1,600. Oakpark estimated that 2% of current balances and 15% of past-due balances will prove uncollectible.

The adjusting entry to record credit losses is: Select one: A. Bad Debts Expense 5,800 Allowance for Doubtful Accounts 5,800 B. Bad Debts Expense 4,600 Allowance for Doubtful Accounts 4,600 C. Bad Debts Expense 4,200 Accounts Receivable 4,200 D. Bad Debts Expense 7,400 Allowance for Doubtful Accounts 7,400

CRM is built on two primary metrics: lifetime value of customers and data mining

Indicate whether the statement is true or false