Allowance for Doubtful Accounts has a debit balance of $762 at the end of the year (before adjustment), and an analysis of accounts in the customers ledger indicates uncollectible receivables of...




Allowance for Doubtful Accounts has a debit balance of $762 at the end of the year (before adjustment), and an analysis of accounts in the customers ledger indicates uncollectible receivables of $16,242. Which of the following entries records the proper adjusting entry for bad debt expense?





a.debit Allowance for Doubtful Accounts, $16,242 credit Bad Debt Expense, $16,242

b.debit Bad Debt Expense, $17,004 credit Allowance for Doubtful Accounts, $17,004

c.debit Bad Debt Expense, $15,480 credit Allowance for Doubtful Accounts, $15,480

d.debit Bad Debt Expense, $762 credit Allowance for Doubtful Accounts, $762



Jun 01, 2022
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