12. Accounts receivable has a balance of $2,000,000 and the allowance for doubtful accounts has a balance of $10,000 at fiscal year-end prior to adjustment. If the estimate of uncollectible accounts determined by aging the receivables is $35,000, the amount of bad debt expense is: A) $45,500 B) $25,000 C) $10,000 D) $7,400

12. Accounts receivable has a balance of $2,000,000 and the allowance for doubtfil accounts has a balance of $10,000 at fiscal year-end prior to adjustment. If the estimate of uncollectible accounts determined by aging the receivables is $35,000, the amount of bad debt expense is: A) $45,500 B) $25,000 C) $10,000 D) $7,400