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Safari File Edit View History Bookmarks Window Help mathxl.com Financial Accounting (1) Test: Exam #2 Time Remaining: 02:27:58 Submit Test This Question: 1 pt 40 of 40 This Test: 40 pts possible The Allowance for Bad Debts has a credit balance of $8,000 before the adjusting entry for bad debts expense. After analyzing the accounts in the accounts receivable subsidiary ledger using the aging-of-receivables method, the company's management estimates that uncollectible accounts will be $17,000. What will be the amount of Bad Debts Expense reported on the income statement? O A. $17,000 $8,000 B. OC. OD, $9,000 $25,000

Explanation / Answer

Answer is C $9000

Bad debt expense =17000-8000 =$9000

ending Balance of Badebt allowance will be $17000

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