Following the completion of an aging analysis,the accountant for Liberty estimated that $1,100 of the receivables would be uncollectible.The year-end adjusting entry to record bad debt expense would include which of the following?
A)credit to allowance for doubtful accounts of $1,100.
B)credit to allowance for doubtful accounts of $1,200.
C)debit to bad debt expense of $1,000.
D)debit to bad debt expense of $900.

Question

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The Answer of Following the completion of an aging analysis,the accountant for Liberty estimated that $1,100 of the receivables would be uncollectible.The year-end adjusting entry to record bad debt expense would include which of the following?
A)credit to allowance for doubtful accounts of $1,100.
B)credit to allowance for doubtful accounts of $1,200.
C)debit to bad debt expense of $1,000.
D)debit to bad debt expense of $900.

Following the Completion of an Aging Analysis,the Accountant for Liberty