Before adjusting entries, Martin's accounts receivable and allowance for doubtful accounts are $65,000 and $1,500 (debit balance), respectively. Using an aging schedule of accounts receivable, it is determined that $4,000 of the accounts receivable would probably be uncollectible. Calculate bad debt expense to be reported on Martin's current year's income statement.

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The Answer of Before adjusting entries, Martin's accounts receivable and allowance for doubtful accounts are $65,000 and $1,500 (debit balance), respectively. Using an aging schedule of accounts receivable, it is determined that $4,000 of the accounts receivable would probably be uncollectible. Calculate bad debt expense to be reported on Martin's current year's income statement.

Before Adjusting Entries, Martin's Accounts Receivable and Allowance for Doubtful