The percentage of accounts receivable (balance sheet) procedure is used to estimate bad debts. The current balance in the Allowance for Bad Collection Accounts is a $500 credit. An aging of accounts receivable results in a forecast of $1,700 potential bad debts. The adjustment to the Provision for Bad Collection Accounts is ?

Answer rating: 100% (QA)

The percentage of accounts receivable method is used to estimate bad debts ... View the full answer