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Posted on Sep 06, 2024

the allowance for bad debts account has a credit balance of $ 5 , 0 0 0 before the adjusting entry for bad debts expense.

the allowance for bad debts account has a credit balance of $

5, 000

before the adjusting entry for bad debts expense. The company's management estimates that

2 %

of net credit sales will be uncollectible for the year

2025 .

net credit sales for the year amounted to $

280, 000 .

what will be the balance of allowance for bad debts on the december

31

, 2025

balance sheet?

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