$[$LO $5]$ Use the aging$-$of$-$receivables method to answer the following question. The current credit balance in Allowance for Uncollectible Accounts before adjustment is $$650.$ An aging schedule estimates $$3,500$ of uncollectible accounts.

What is the debit amount to Bad Debt Expense for this entry, and the ending balance in the Allowance for Bad Debts?

Answer

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Bad Debt Expense $=$ $$2,850$; ending balance of Allowance for Bad Debts $=$ $$3,500$

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Bad Debts Expense $=$ $$3,500$; ending balance of Allowance for Bad Debts $=$ $$2,850$

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Bad Debts Expense $=$ $$3,500$; ending balance of Allowance for Bad Debts $=$ $$4,150$

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Bad Debts Expense $=$ $$2,850$; ending balance of Allowance for Bad Debts $=$ $$2,850$

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