Allowance for doubtful accounts credit balance of 1031., Ask an Expert

Accounting

On December 31 of the current year, a company's unadjusted trial balance included the following: Accounts Receivable, debit balance of $97,900; Allowance for Doubtful Accounts, credit balance of $1,031. What amount should be debited to Bad Debts Expense, assuming 6% of outstanding accounts receivable at the end of the current year will be uncollectible?

a) $3,951.

b) $4,843.

c) $1,031.

d) $5,874.

e) $6,905.

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Accounting Basics, Accounting

Category:- Accounting Basics
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