An aging of Coco Company's accounts receivable indicates that $60,000 is estimated to be uncollectible.
If Allowance for Doubtful Accounts has a $9,000 credit balance, the adjustment to record bad debts for the period will require a:

Question

Quizplus · Accepted Answer

Bad Debt Expense = $60,000 - $9,000 = $51,000
Thus, the adjustment to record bad debts for the period will be:
Bad Debts Expense 51,000
$\quad $ $\quad $ $\quad $ $\quad $ Allowance for Doubtful Accounts 51,000

An Aging of Coco Company's Accounts Receivable Indicates That $60,000