Question: Inger Ltd. uses the aging method to estimate the needed balance in its account allowance for doubtful accounts. At the end of 2020, the credit

Inger Ltd. uses the aging method to estimate the needed balance in its account "allowance for doubtful accounts". At the end of 2020, the credit balance of the allowance account was $7,000. During 2021, the company wrote off $8,000 and also collected a $300 receivable that had been previously written off as uncollectible. At the end of 2021, the aging schedule indicated that the Downloaded by David Sandjong Noudjo (..g@gmail.com) lOMoARcPSD|6630610 Page | 6 credit balance of the allowance account should be $6,400. For the year ended December 31, 2021, Inger's bad debt expense should be a) $6,400 b) $7,100 c) $7,000 d) $5,700 e) none of the presented options

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