The following information is from the 2017 records of Lane Bicycle Shop:
Bad debts expense is estimated by the aging-of-receivables method.Management estimates that $6,000 of accounts receivable will be uncollectible.Calculate the ending balance of Allowance for Bad Debts,after the adjustment for bad debts expense,at December 31,2017.
A) $5,400
B) $9,000
C) $8,000
D) $6,000
Correct Answer:
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