Suppose that the balance of a company's Allowance for Uncollectible Accounts was $6,200 (credit)at the end of 2015,prior to any adjustments.The company estimated that the total of uncollectible accounts in its accounts receivable was $44,300 at the end of 2015.What amount of bad debt expense would appear in the company's 2015 income statement?

Question

Quizplus · Accepted Answer

The correct answer is A.The amount of bad debt expense that would appear in the company's 2015 income statement is $38,100. This is calculated by taking the estimated total of uncollectible accounts ($44,300) and subtracting the balance of the Allowance for Uncollectible Accounts at the end of 2015 ($6,200).

Suppose That the Balance of a Company's Allowance for Uncollectible