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cherieb
Aug 18, 2008, 08:30 PM
Dec. 31st. Wrote off the following accounts as uncollectable $2,150, $3600, $5500, $1750.
Dec 31st Based on analysis of the $815,240 accounts receivable, it was estimated $16,750 uncollectable.




From question; what is the Bad Debt Expense adjustment on December 31st?
$18,350
$19,250
$19,850
$20,150

I can not figure this out it has been 2 days and i need advice or someone to show me which is the answer and how you came up with it pleeeeeeze!
Renaissance1967
Aug 28, 2008, 10:12 PM
The answer is either 29,750 or 3,750 depending on when the analysis was performed in relation to the write offs.