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Alkhor company has a balance of accounts receivable 150,000, sales credit balance QR 170,000. There is also debit balance of QR 3,000 in the allowance

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Alkhor company has a balance of accounts receivable 150,000, sales credit balance QR 170,000. There is also debit balance of QR 3,000 in the allowance fo uncollectable account. The company estimate that 10% of receivables may not be collected. Therefore, the adjusting entry to record the bad debt expense at the end of the year include the following Account Receivables is debit with 15,000 Allowance for uncollectable accounts is credit with 15.000 Allowance for uncollectable accounts is credit with 18,000 Allowance for uncollectable accounts is credit with 12,000 0 0 0 0

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