/ | PRINCIPLES OF ACCOUNTING mm Home My courses / PRINCIPLES OF AccoUNTING W General (102) - ) Question 6 Not yet answered .. Marked out of 1.00 Red Company has a debit balance of $12000 in its Allowance for Doubtful Accounts before any adjustments are made. Based on a review of its accounts receivable at the end of the year, Red estimates that $70,000 of its receivables are uncollectible. What amount of bad debts expense should be reported for the year? Flag question Select one: S82,000 $70,000 $58,000 $12,000 e Olltype here to search