On December 31,2015,Andy Inc

question 118

Multiple Choice

On December 31,2015,Andy Inc.has a debit balance of $1,500 for the Allowance for Uncollectible Accounts before any year-end adjustment.Andy Inc.also has the following information for its accounts receivable and the estimated percentages of bad debts for different past-due amounts: What is the amount of bad debt expense to be reported on Andy Inc.'s financial statements for 2015?

• A)$6,500.
• B)$1,500.
• C)$5,000.
• D)$8,000.

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