Question: A company uses the allowance method to estimate bad debts. The allowance account beginning balance was a $2,000 debit and the ending balance was an

A company uses the allowance method to estimate bad debts. The allowance account beginning balance was a $2,000 debit and the ending balance was an $18,000 credit. What must be the amount of bad debt expense for the year?

16000

20000

18000

6000

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