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Find the year-end adjustment for bad debt expense

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Question - Pineapple's Fruit Smoothies began the year with a $4,200 credit balance in its Allowances for Doubtful Accounts. During the year, it accrued $21,500 of bad debt expense and wrote off accounts totaling $28,000. At year-end, a percentage of the outstanding accounts receivable indicated that a $4,800 allowance should be provided for on that date. Find the year-end adjustment for bad debt expense?

a. $2,300

b. $3,000

c. $7,100

d. $4,800

Reference no: EM132606646

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