Using the Aging-Of-Accounts-Receivable Method to Estimate Uncollectible Receivables,Records Management Corp

Multiple Choice

Using the aging-of-accounts-receivable method to estimate uncollectible receivables,Records Management Corp.estimates that $8,000 of its accounts receivable will be uncollectible.Prior to adjustment,the Allowance for Uncollectible Accounts has a debit balance of $2,000.Bad debt expense to be reported on the income statement is:

A) $10,000
B) $8,000
C) $6,000
D) $2,000