7 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 $98,300; Allowance for Doubtful Accounts, credit balance of $1,071. What amount should be debited to Bad Debts Expense, assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible? 5 points 00:31:34 Multiple Choice O $4,827. $1,071. $5,898. $3,935. K

On Docember 3t of the curtent yoat, the unadjusted trial balance of a compary using the percent af receivables method to estimate bad debt included the following: Accounts Recelvable, debit balance of 598,300 , Allowance for Doubtful Accounts, cied t balance of 51,071 . What amount should be debited to Bad Debts Expense, assuming 6% of outstanding occounts recelvable at the end of the current year ore estimated to be uncollectole? Muttale Choles 54827 $107 55.898 $3.935 On Docember 3t of the curtent yoat, the unadjusted trial balance of a compary using the percent af receivables method to estimate bad debt included the following: Accounts Recelvable, debit balance of 598,300 , Allowance for Doubtful Accounts, cied t balance of 51,071 . What amount should be debited to Bad Debts Expense, assuming 6% of outstanding occounts recelvable at the end of the current year ore estimated to be uncollectole? Muttale Choles 54827 $107 55.898 $3.935