Using the allowance method, the uncollectible accounts for the year is estimated to be $56,000. If the balance for the Allowance for Doubtful Accounts is a $14,000 debit before adjustment, what is the amount of bad debts expense for the period?

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The bad debts expense is calculated by adding the estimated uncollectible accounts ($56,000) to the existing debit balance in the Allowance for Doubtful Accounts ($14,000), resulting in a total of $70,000.

Using the Allowance Method, the Uncollectible Accounts for the Year