Question

An aging of a company's accounts receivable indicates that the estimate of uncollectible accounts totals $5,030. If Allowance for Doubtful Accounts has a $962 debit balance, the adjustment to record the bad debt expense for the period will require a

Answer 1

the adjustment to record the bad debt expense for the period will require a $5992

Step-by-step explanation:

Uncollectible accounts receivable describe the portion of credit sales in accounts receivable the company does not expect to collect from a customer. Uncollectible accounts is used in the valuation of accounts receivable, which appears on a company's balance sheet as credit account.

Uncollectible accounts______DB___962

Uncollectible accounts total _ CR___5030

Total adjusment________________5992

Expense_______________________5992