How much is bad debt expense will carl collectibles report

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Reference no: EM132667048

Carl's Collectibles estimates its uncollectible accounts by aging its accounts receivable and applying percentages to various aged categories of accounts. Carl's Collectible computes a total of $8,120 in estimated losses 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.

Problem 1: How much is bad debt expense will Carl's Collectibles report in 2021?

Select one:

A. $8,120
B. $6,495
C. $1,625
D. $9,745

Reference no: EM132667048

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