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At the beginning of 2026, Gourmet Cupcakes, Inc. has the following ledger balances: ...

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Accounting

At the beginning of 2026, Gourmet Cupcakes, Inc. has the following ledger balances:
Accounts Receivable - $41,000(Debit)
Allowance for Bad Debts - $6,000(Credit)
During the year, credit sales amounted to $840,000. Cash collected on credit sales amounted to $750,000, and $18,00 has been written off. Gourmet Cupcakes uses the aging - of - receivables method to record Bad Debts Expense. The estimate of uncollectible accounts was $29,000. The ending balance in the Allowance for Bad Debts account is
A. $29,000
B. $18,000
C. $41,000
D. $23,000
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