The Allowance for doubtful debts currently has a debit balance of $750. After analysing the accounts in the accounts receivable subsidiary ledger, the company's management estimates that bad debts will be $16 000. What will be the balance of the Allowance for doubtful debts reported on the balance sheet?
A)$14 900
B)$16 000
C)$16 250
D)$15 250

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The Answer of The Allowance for doubtful debts currently has a debit balance of $750. After analysing the accounts in the accounts receivable subsidiary ledger, the company's management estimates that bad debts will be $16 000. What will be the balance of the Allowance for doubtful debts reported on the balance sheet?
A)$14 900
B)$16 000
C)$16 250
D)$15 250

The Allowance for Doubtful Debts Currently Has a Debit Balance