Use the information above to answer the following question.Assuming the entry to record bad debt expense was $8,250,what is the balance in the allowance for doubtful accounts after this entry was made?
A)$6,850
B)$8,250
C)$9,650
D)$1,150

Question

Quizplus · Accepted Answer

The entry to record bad debt expense increases the allowance for doubtful accounts by the same amount, which means the balance in the allowance for doubtful accounts should be $9,650 ($1,800 beginning balance + $8,250 bad debt expense entry). Therefore, choice C is the correct answer.

Use the Information Above to Answer the Following Question