Question

A companys unadjusted trial balance at the end of the year includes the following:


Accounts Receivable $98,000
Unadjusted debit balance in Allowance for Doubtful Accounts 1,000

The company uses the aging of accounts receivable method. Its estimate of uncollectible receivables resulting from the aging analysis equals $5,800. What is the amount of Bad Debt Expense to be recorded for the year?

A) $5,800

B) $4,800

C) $6,800

D) $7,800

Answer

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