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What adjusting entry should the company make at the end

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Question 1: A company ages its accounts receivables to determine its end of period adjustment for bad debts. At the end of the current year, management estimated that $15,750 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a credit balance of $375. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?

A. Bad Debts Expense15,750

Allowance for Doubtful Accounts 15,750

B. Bad Debts Expense15,375

Allowance for Doubtful Accounts 15,375

C. Accounts Receivable15,750

Bad Debts Expense375

Sales 16,125.

Reference no: EM132494543

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