Using the aging$-$of$-$accounts$-$receivable method to estimate uncollectible receivables, Records Management Corp. estimates that $$8,000$ of its accounts receivable will be uncollectible. Prior to adjustment, the Allowance for Uncollectible Accounts has a debit

$2$ poir $$

balance of $$2,000.$ Bad debt expense to be reported on the income statement is:

A$)$ $$10,000$

B$)$ $$8,000$

C$)$ $$6,000$

D$)$ $$2,000$

Smart$-$T Corporation uses the aging$-$of$-$accounts$-$receivable method to estimate uncollectible receivables. At year end Smart$-$T estimates that $$4,750$ of its accounts receivable will be uncollectible. Prior to adjustment, the Allowance for Uncollectible Accounts

$2$ poir $$

has a credit balance of $$200.$ Bad debt expense to be reported on the income statement is:

A$)$ $$4,750$

B$)$ $$4,950$

C$)$ $$4,550$

D$)$ $$200$

Net accounts receivable is calculated as:

A$)$ sales less sales returns and allowances

B$)$ accounts receivable less bad debt expense

C$)$ accounts receivable less allowance for uncollectible accounts

D$)$ accounts receivable plus allowance for uncollectible accounts

On December $31,2020,$ James Company has an accounts receivable balance of $$324,000$ before any year$-$end adjustments. The Allowance for Doubtful Accounts has a $$1,100$ credit balance. The company prepares the following aging schedule for accounts receivable:

$\backslash$table$[[$Total Balance,$1-30$ days,$\backslash$table$[[31-60$