On December 31 of the current year,the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: Accounts Receivable,debit balance of $95,250;Allowance for Doubtful Accounts,credit balance of $921.What amount should be debited to Bad Debts Expense,assuming 6% of outstanding accounts receivable at the end of the current year will be uncollectible?
A)$5,715.
B)$6,636.
C)$4,794.
D)$5,770.
E)$5,660.

Question

Quizplus · Accepted Answer

The Answer of On December 31 of the current year,the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: Accounts Receivable,debit balance of $95,250;Allowance for Doubtful Accounts,credit balance of $921.What amount should be debited to Bad Debts Expense,assuming 6% of outstanding accounts receivable at the end of the current year will be uncollectible?
A)$5,715.
B)$6,636.
C)$4,794.
D)$5,770.
E)$5,660.

On December 31 of the Current Year,the Unadjusted Trial Balance