Question
For the year ended December 31, 2023, Dipti Co. estimated its allowance for uncollectible accounts using the year-end aging of accounts receivable. The following data
For the year ended December 31, 2023, Dipti Co. estimated its allowance for uncollectible accounts using the year-end aging of accounts receivable. The following data are available:
Allowance for uncollectible accounts, 1/1/23 $126,000
Uncollectible accounts written off, 11/30/23 104,000
Estimated uncollectible accounts per aging, 12/31/23 156,000
After year-end adjustment, the bad debt expense for 2023 should be
| A. | $156,000.
| |
| B. | $134,000. | |
| C. | $90,000. | |
| D. | $104,000. |
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Financial Accounting
Authors: Walter B. Meigs, A. N. Mosich, Robert F. Meigs
2nd Edition
0070412901, 978-0070412903
