Question: Jay Kay Ltd. (JKL), uses allowance method to record bad debts expenses. It estimates that 5% of the receivable will become uncollectible. During the

Jay Kay Ltd. (JKL), uses allowance method to record bad debts expenses. It estimates that 5% of the receivable will become uncollectible. During the year JKL wrote off bad debts of $4,500 and recovered bad debts of $2,250. At year end the accounts receivables control account balance was $220,000. and allowance for doubtful accounts was $2.500 debit. The bad debt expense fo the year was. A. $8,500 B. $11,250 C. $11,000 D. $15,750 E. $13,500 F. $10,750

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