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( ### 1 ) No chat gpt answers & don't copy from chegg or else I'll give 5 downvotes Bad Debt Estimation: A company has

$($ ### $1)$ No chat gpt answers & don't copy from chegg or else I'll give $5$ downvotes

Bad Debt Estimation:

A company has $ $500, 000$ in Accounts Receivable. Historically, $3 %$ of receivables become uncollectible.

However, due to economic downturn, they estimate that $5 %$ may become uncollectible this period.

Calculate the necessary bad debt expense adjustment.

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