Using the Percentage-Of-Receivables Basis the Uncollectible Accounts for the Year

Multiple Choice

Using the percentage-of-receivables basis the uncollectible accounts for the year is estimated to be $33000. If the balance for the Allowance for Doubtful Accounts is a $5000 credit before adjustment what is the amount of bad debt expense for the period?

A) $5000
B) $28000
C) $33000
D) $38000