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

question 6

Multiple Choice

Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $30,000. If the balance of the Allowance for Doubtful Accounts is $4,000 debit before adjustment what is the balance after adjustment?

• A) $30,000
• B) $34,000
• C) $26,000
• D) $4,000

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