On December 31,2015,Mark Inc.estimates future bad debts to be $6,500.The Allowance for Uncollectible Accounts has a credit balance of $2,500 before any year-end adjustment.What adjustment should Mark Inc.record for the estimated bad debts on December 31,2015?
A) Debit Bad Debt Expense,$6,500;credit Allowance for Uncollectible Accounts,$6,500.
B) Debit Bad Debt Expense,$4,000;credit Allowance for Uncollectible Accounts $4,000.
C) Debit Allowance for Uncollectible Accounts,$9,000;credit Bad Debt Expense,$9,000.
D) Debit Bad Debt Expense,$9,000;credit Allowance for Uncollectible Accounts,$9,000.
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