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Find the amount of bad debt expense

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Question - Woulk Company has a debit balance of $8,000 in its Allowance for Doubtful Accounts before any adjustments are made at the end of the year. Based on review and aging of its accounts receivable at the end of the year, Woulk estimates that $60,000 of its receivables are uncollectible. Find the amount of bad debt expense which should be reported for the year?

a. $8,000.

b. $52,000.

c. $60,000.

d. $68,000.

Reference no: EM132806392

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