An aging of a company's accounts receivable indicates that $8300 are estimated to be uncollectible. If...
An aging of a company's accounts receivable indicates that $8300 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $3600 debit balance, the adjustment to record bad debts for the period will require a debit to
A. Bad Debt Expense for $8300.
B. credit to Allowance for Doubtful Accounts for $8300.
C. debit to Bad Debt Expense for $4700.
D. debit to Bad Debt Expense for $11900.
Homework Answers
Adjustment amount = 8300+3600 = 11900
Adjusting entry
| Account title and explanation | Debit | Credit |
| Bad debt expense | 11900 | |
| Allowance for doubtful accounts | 11900 |
So answer is d) debit to Bad Debt Expense for $11900
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