QUESTION 11 EFG Retail Company uses the allowance method (balance sheet approach) to determine bad debt expense. By aging its accounts receivable, EFG has determined that the estimated portion of total accounts receivable of $15,000,000 that are uncollectible totals $195,000. The unadjusted balance in the allowance for uncollectible accounts is a credit balance of $8,000. What is the amount needed to record bad debt expense for the period? QUESTION 11 EFG Retail Company uses the allowance method (balance sheet approach) to determine bad debt expense. By aging its accounts receivable, EFG has determined that the estimated portion of total accounts receivable of $15,000,000 that are uncollectible totals $195,000. The unadjusted balance in the allowance for uncollectible accounts is a credit balance of $8,000. What is the amount needed to record bad debt expense for the period