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The unadjusted trial balance at the end of the year includes the following: Accounts Receivable $ 110,000 Allowance for Doubtful Accounts 2,200 Both accounts have
The unadjusted trial balance at the end of the year includes the following:
| Accounts Receivable | $ 110,000 |
|---|---|
| Allowance for Doubtful Accounts | 2,200 |
Both accounts have normal balances. The company uses the aging of accounts receivable method. Its estimate of uncollectible receivables resulting from the aging analysis equals $7,600. What is the amount of Bad Debt Expense to be recorded for the year?
Multiple Choice
$5,400
$7,600
$9,800
$12,000
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