Using the Percentage-Of-Receivables Method for Recording Bad Debt Expense Estimated

question 39

Multiple Choice

Using the percentage-of-receivables method for recording bad debt expense estimated uncollectible accounts are $12000. If the balance of the Allowance for Doubtful Accounts is $2500 credit before adjustment what is the amount of bad debt expense for that period?

• A) $2500
• B) $9500
• C) $12000
• D) $14500

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