At December 31, 2014, a company's records include the following: Net sales (all on credit) 750,000

accounts receivable at december 31st 225,000

write-offs of accounts receivalbe during the year 7,100

allowance for doubtful accounts at january 1, 2014 8,500 (credit)

Use the information above to answer the following question. Assuming the company estimates bad debts as 1.3% of credit sales, what is the required adjusting entry to record bad debt expense for the year?

Use the information above to answer the following question. Assuming the company uses the aging of receivables method and estimates the uncollectible amount at 5% of accounts receivable, what is the required adjusting entry to record bad debt expense for the year?

Use the information above to answer the following question. Assuming the company estimates bad debts as 1.3% of credit sales, what is the required adjusting entry to record bad debt expense for the year? A) Bad Debt Expense B) Bad Debt Expense C) Bad Debt Expense D) Bad Debt Expense Allowance for Doubtful Accounts Allowance for Doubtful Accounts Allowance for Doubtful Accounts Accounts Receivable 9,750 1,250 8.350 97,500 9,750 1,250 8,350 97,500 Option A Option B Option C Option D