An Aging of a Company's Accounts Receivable Indicates That $4000

Multiple Choice

An aging of a company's accounts receivable indicates that $4000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $700 debit balance the adjustment to record bad debts for the period will require a

A) debit to Bad Debt Expense for $3300.
B) debit to Bad Debt Expense for $4000.
C) debit to Bad Debt Expense for $4700.
D) credit to Allowance for Doubtful Accounts for $700.