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13 September, 06:05

Using the allowance method, the uncollectible accounts for the year is estimated to be $28,000. If the balance for the Allowance for Doubtful Accounts is a $7,000 debit before adjustment, what is the amount of bad debt expense for the period? a. $7,000b. $21,000c. $28,000d. $35,000

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  1. 13 September, 08:09
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    d. $35,000

    Explanation:

    The computation of the bad debt expense for the period is shown below:

    = Estimated uncollectible amount + balance of allowance for doubtful debts

    = $28,000 + $7,000

    = $35,000

    To find out the bad debt expense we added the estimated uncollected amount and the balance of allowance for doubtful debts as it has a debit balance. And, for true amount, we added both items which are shown above.
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Home » Business » Using the allowance method, the uncollectible accounts for the year is estimated to be $28,000. If the balance for the Allowance for Doubtful Accounts is a $7,000 debit before adjustment, what is the amount of bad debt expense for the period? a.
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