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icang [17]
3 years ago
9

Using the percentage of receivables method for recording bad debts expense, estimated uncollectible accounts are $25,000. If the

balance of the Allowance for Doubtful Accounts is $8,000 debit before adjustment what is the amount of bad debt expense for that period?a. $25,000b. $8,000c. $33,000d. $17,000
Business
1 answer:
pav-90 [236]3 years ago
5 0

Answer:

c. $33,000

Explanation:

The computation of the bad debt expense is shown below:

= Estimated uncollectible amount + debit balance of allowance for doubtful accounts

= $25,000 + $8,000

= $33,000

To find out the bad debt expense, we have to add the estimated uncollectible amount and the debit balance of allowance for doubtful accounts so that an accurate amount can come.

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Explanation:

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The ratio that is mostly used to determine whether or not a loans officer at the bank would loan a business money is known as the debt-to-equity ratio.

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The advertisement does not constitute an offer because it lacks:

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