Under the aging of a company's accounts receivable, the uncollectible accounts are estimated to be $26,000.If the unadjusted balance for the Allowance for Doubtful Accounts is $9,000 debit, what is the amount of bad debts expense for the year?
A)$17,000
B)$18,000
C)$26,000
D)$35,000

Question

Quizplus · Accepted Answer

The bad debts expense for the year is calculated by adjusting the Allowance for Doubtful Accounts to the estimated uncollectible accounts of $26,000. Since the unadjusted balance is a $9,000 debit, we need to add this amount to the estimated uncollectibles to get the total adjustment needed. $26,000 + $9,000 = $35,000.

Under the Aging of a Company's Accounts Receivable, the Uncollectible