Monro Inc. uses the accrual method of accounting. Here is a reconciliation of Monro's allowance for bad debts for the current year. 
Which of the following statements is true?
A) Bad debt expense per books and the deduction for bad debts is $69,650.
B) Bad debt expense per books and the deduction for bad debts is $88,500.
C) Bad debt expense per books is $80,000, and the deduction for bad debts is $88,500.
D) Bad debt expense per books is $88,500, and the deduction for bad debts is $80,000.
Correct Answer:
Verified
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