Question: Please Answer this question in-depth 68894251: Bad debt expense Mountain Co. shows the following aging of its accounts receivable at December 31, 2021: Days outstanding

Please Answer this question in-depth

68894251: Bad debt expense Mountain Co. shows the following aging of its accounts receivable at December 31, 2021: Days outstanding Balance Estimated percentage uncollectible 1 - 30 days $500,000 2.0% 31 - 60 days 400,000 4.096 61+ days 100,000 5.0% The balance in the Allowance for Doubtful Accounts before the entry to record bad debts is $10,000 debit. Required: The bad debt expense for 2021 is: Select one: a $10,000 b. $21,000 C. $31,000 Od $41,000

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