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An aging of a company's accounts receivable indicates that $14,000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,100 credit balance, the adjustment to record bad debts
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13 votes
13 votes
An aging of a company's accounts receivable indicates that $14,000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,100 credit balance, the adjustment to record bad debts for the period will require a

User Abeer
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1 Answer

23 votes
23 votes

Answer:

Debit to Bad debt expense for $15,100

Step-by-step explanation:

According to the above information, we were informed that a company's account receivable shows the estimate of uncollectible accounts totalled $14,000. While the allowance for doubtful account has the amount $1,100.

It therefore means that the adjustment to record the bad debt expense for the period will require

A debit to bad debt expense for $15,100

User Vorobey
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