Multiple Choice
The Allowance for doubtful debts currently has a credit balance of $900. After analysing the accounts in the accounts receivable subsidiary ledger using the ageing of accounts method, the company's management estimates that bad debts will be $15 000. What will be the balance of the Allowance for doubtful debts reported on the balance sheet?
A) $14 100
B) $15 900
C) $14 900
D) $15 000
Correct Answer:
Verified
Correct Answer:
Verified
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