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

question 7

Multiple Choice

Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $45,000.If the balance of the Allowance for Doubtful Accounts is a $6,000 credit before adjustment, what is the amount of bad debt expense for that period?

• A)$45,000
• B)$39,000
• C)$51,000
• D)$6,000

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