On December 31 of the Current Year,the Unadjusted Trial Balance

question 103

Multiple Choice

On December 31 of the current year,the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: Accounts Receivable,debit balance of $95,250;Allowance for Doubtful Accounts,credit balance of $921.What amount should be debited to Bad Debts Expense,assuming 6% of outstanding accounts receivable at the end of the current year will be uncollectible?

• A)$5,715.
• B)$6,636.
• C)$4,794.
• D)$5,770.
• E)$5,660.

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