The following information is from the 2015 records of Armand Camera Shop: 
- Bad debts expense is estimated by the aging-of-receivables method.Management estimates that $5,000 of accounts receivable will be uncollectible.Calculate the Allowance for Bad Debts after the adjustment for bad debt expense at December 31,2015.
A) $5,250
B) $6,500
C) $7,000
D) $5,000
Correct Answer:
Verified
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