The Following Information Is from the 2019 Records of Fast

question 205

Multiple Choice

The following information is from the 2019 records of Fast Lane Racing Gear: Bad debts expense is estimated by the aging-of-receivables method.Management estimates that $9000 of accounts receivable will be uncollectible.Calculate the ending balance of Allowance for Bad Debts,after the adjustment for bad debts expense,at December 31,2019.

• A)$5250
• B)$13,000
• C)$8000
• D)$9000

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