A company ages its accounts receivables to determine its end of period ajustmers

Question

A company ages its accounts receivables to determine its end of period ajustmers the end of the current year, management estimated thet $33.750 of the accourvts would be uncollectible. Prior to any year-end adjust debit balance of $975. What adjusting record its estimated bad debts expense? entry should the company make at the end of he current year to O Bad Debts Expense 33750 Allowance for Doubtful Accounts 33750 Bad Debts Expense 32,775 Allowance for Doubtful Accounts 32.775 O Bad Debts Expense 34725 34725 Allowance for Doubtful Accounts 33.750 O Accounts Receivable 975 Bad Debts Expense 34725 Sales 34725 Accounts Receivable 34) Allowance for Doubtful Accounts

Explanation / Answer

Correct Answer is ( C) Bad Debt Expense ($33750+$975) $34,725.00 Allowance for Doubtful Account $34,725.00

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