The following information is from the 2017 records of Lane Bicycle Shop: Bad debts expense is estimated by the aging-of-receivables method. Management estimates that $6,000 of accounts receivable will be uncollectible. Calculate the ending balance of Allowance for Bad Debts, after the adjustment for bad debts expense, at December 31, 2017.

Question

The following information is from the 2017 records of Lane Bicycle Shop:  Bad debts expense is estimated by the aging-of-receivables method. Management estimates that $6,000 of accounts receivable will be uncollectible. Calculate the ending balance of Allowance for Bad Debts, after the adjustment for bad debts expense, at December 31, 2017.

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The Answer of The following information is from the 2017 records of Lane Bicycle Shop:  Bad debts expense is estimated by the aging-of-receivables method. Management estimates that $6,000 of accounts receivable will be uncollectible. Calculate the ending balance of Allowance for Bad Debts, after the adjustment for bad debts expense, at December 31, 2017.

The Following Information Is from the 2017 Records of Lane