Rimrock,Inc

Multiple Choice

Rimrock,Inc.used the aging of accounts receivable method.At December 31,management determined that the net realizable value of accounts receivable was $608,000.The balance in Accounts Receivable was $768,000 and the unadjusted credit balance in Allowance for Doubtful Accounts was $32,000.What was the amount of Bad Debt Expense for the year?

A) $192,000
B) $128,000
C) $160,000
D) $32,000