Using the Percentage-Of-Receivables Basis the Uncollectible Accounts for the Year

question 16

Multiple Choice

Using the percentage-of-receivables basis the uncollectible accounts for the year is estimated to be $33000. If the balance for the Allowance for Doubtful Accounts is a $5000 debit before adjustment what is the amount of bad debt expense for the period?

• A) $5000
• B) $28000
• C) $33000
• D) $38000

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