Allowance for Doubtful Accounts has a credit balance of $1,097 at the end of the

Question

Allowance for Doubtful Accounts has a credit balance of $1,097 at the end of the year (before adjustment), and an analysis of customers' accounts indicates uncollectible receivables of $11,486. Which of the following entries records the proper adjustment for Bad Debt Expense? Select the correct answer. a. debit Allowance for Doubtful Accounts, $12,583; credit Bad Debt Expense, $12,583 b. debit Bad Debt Expense, $12,583; credit Allowance for Doubtful Accounts, $12,583 c. debit Bad Debt Expense, $10,389; credit Allowance for Doubtful Accounts, $10,389 d. debit Allowance for Doubtful Accounts, $10,389; credit Bad Debt Expense, $10,389

Explanation / Answer

b. debit Bad Debt Expense, $12,583; credit Allowance for Doubtful Accounts, $12,583

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