The unadjusted trial balance at the end of the year includes the following: The company uses the allowance method and has completed the aging schedule which indicates $5,800 of accounts are estimated uncollectible. What is the amount of bad debt expense to be recorded for the year?
A) $5,800
B) $4,800
C) $6,800
D) $7,800

Question

The unadjusted trial balance at the end of the year includes the following:  The company uses the allowance method and has completed the aging schedule which indicates $5,800 of accounts are estimated uncollectible. What is the amount of bad debt expense to be recorded for the year?
A) $5,800 
B) $4,800 
C) $6,800 
D) $7,800

Quizplus · Accepted Answer

The amount of bad debt expense to be recorded for the year is the estimated uncollectible accounts based on the aging schedule, which is $5,800. Therefore, the answer is B.

The Unadjusted Trial Balance at the End of the Year