Question

Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $59000. If the balance of the Allowance for Doubtful Accounts is an $11800 debit before adjustment, what is the amount of bad debt expense for that period? $11800 $47200 $70800 $59000

Answer 1

$47,200

Step-by-step explanation:

the amount of Expense is the Balance in the Estimated - Balance in Allowance for Doubtful Debt Account

= $59,000 -$ 11,800

= $47,200