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How much bad debt expense will vanburen report

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Reference no: EM132565831

VanBuren Inc. estimates its uncollectible accounts by aging its accounts receivable and applying percentages to various aged categories of accounts. VanBuren computes a total of $8,120 in estimated uncollectibles as of December 31, 2021. Its Accounts Receivable account has a balance of $250,000 and its Allowance for Uncollectible Accounts has a balance of $1,625 before adjustment at December 31, 2021.

Question 1: How much bad debt expense will VanBuren report in 2021?

Option A) $6,495

Option B) $8,120

Option C) $9,745

Option D) $1,625

Reference no: EM132565831

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