Multiple Choice
Using the allowance method, the uncollectible accounts for the year is estimated to be $40,000. If the balance for the Allowance for Doubtful Accounts is a $9,000 debit before adjustment, what is the amount of bad debt expense for the period?
A) $9,000
B) $31,000
C) $40,000
D) $49,000
Correct Answer:
Verified
Correct Answer:
Verified
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