An estimate based on an aging of receivables shows that $1,000 of accounts receivables are uncollectible. The Allowance for Doubtful Accounts has a debit balance of $300 at year end (before adjustment). The adjusting entry at the end of the year to record bad debt expense would include a credit to the Allowance for Doubtful Accounts for O $1,000. O $700. $300. $1,300.

An estimate based on an aging of receivables shows that $1,000 of accounts receivables are uncollectible. The Allowance for Doubtful Accounts has a debit balance of $300 at year end (before adjustment). The adjusting entry at the end of the year to record bad debt expense would include a credit to the Allowance for Doubtful Accounts for $1,000 $700. $300. $1,300