A Company Used the Aging of Accounts Receivable Method

Multiple Choice

A company used the aging of accounts receivable method.At December 31,management determined that the net realizable value of accounts receivable was $304,000.The balance in Accounts Receivable was $384,000 and the unadjusted credit balance in Allowance for Doubtful Accounts was $16,000.What was the amount of Bad Debt Expense for the year?

A) $96,000
B) $64,000
C) $80,000
D) $16,000