Maradonna Co

Multiple Choice

Maradonna Co. uses an aging schedule of accounts receivable in estimating its bad debt expense. The total estimate, which appears on the aging schedule, will be equal to

A) the amount of bad debt expense on the company's income statement.
B) the debit balance required in the allowance account prior to the recognition of bad debt expense.
C) the increase in bad debt expense as a result of the estimate.
D) the credit balance required in the allowance account after the recognition of bad debt expense.