The following information is from the 2015 records of Armand Camera Shop: Bad debts expense is estimated by the aging-of-receivables method. Management estimates that $5,000 of accounts receivable will be uncollectible. Calculate the Allowance for Bad Debts after the adjustment for bad debt expense at December 31, 2015.
A)$5,250
B)$6,500
C)$7,000
D)$5,000

Question

The following information is from the 2015 records of Armand Camera Shop:  Bad debts expense is estimated by the aging-of-receivables method. Management estimates that $5,000 of accounts receivable will be uncollectible. Calculate the Allowance for Bad Debts after the adjustment for bad debt expense at December 31, 2015.
A)$5,250 
B)$6,500 
C)$7,000 
D)$5,000

Quizplus · Accepted Answer

The Answer of The following information is from the 2015 records of Armand Camera Shop:  Bad debts expense is estimated by the aging-of-receivables method. Management estimates that $5,000 of accounts receivable will be uncollectible. Calculate the Allowance for Bad Debts after the adjustment for bad debt expense at December 31, 2015.
A)$5,250 
B)$6,500 
C)$7,000 
D)$5,000

The Following Information Is from the 2015 Records of Armand