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Allowance for Doubtful Accounts has a credit balance of $1,300 at the end of the year (before adjustment). The company prepares an analysis of
the receivables and estimates the amount of uncollectible accounts to be $41,900. Which of the following adjusting entries would be made to
journalize the bad debt expense for the year?
O a. debit Allowance for Doubtful Accounts for $43,200; credit Bad Debt Expense for $43,200
b. debit Bad Debt Expense for $43,200; credit Allowance for Doubtful Accounts for $43,200
Oc. debit Bad Debt Expense for $40,600; credit Allowance for Doubtful Accounts for $40,600
O d. debit Allowance for Doubtful Accounts for $40,600; credit Bad Debt Expense for $40,600



Answer :

Answer:

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Explanation:

The answer would be :

C. debit Bad Debt Expense for $40,600; credit Allowance for Doubtful Accounts for $40,600

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