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What will be the amount of bad debts expense reported

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Problem 1: The Allowance for Bad Debts has a credit balance of $9,500 before the adjusting entry for bad debts expense. After analyzing the accounts in the accounts receivable subsidiary ledger using the aging-of- receivables? method, the? company's management estimates that uncollectible accounts will be $15,000. What will be the amount of Bad Debts Expense reported on the income? statement?

a. 5,500
b. 9,500
c. 15,000
d. 24,500

Reference no: EM132957887

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