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During the year, Bears Inc. recorded credit sales of $610,000. Before adjustments at year-end Bears has act receivable of $300,000, of which $57,000 is
During the year, Bears Inc. recorded credit sales of $610,000. Before adjustments at year-end Bears has act receivable of $300,000, of which $57,000 is past due, and the alowance account had a credit balance of $2.800 the aging of receivables method, what would be the adjustment assuming Bears expects & will nt colect 5% of the amount not yet past due and 23% of the amount past due? Bad Debt Expense 25,260 Allowance for Uncollectible Accounts 25,260 B. Bad Debt Expense 28,068 Allowance for Uncollectible Accounts 28,868 C. Bad Debt Expense 22,468 Allowance for Uncollectible Accounts 22,468 D. Allowance for Uncollectible Accounts 22,460 22,468 Bad Debt Expense 407 5 6 M
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