Question: This answer might be wrong please help Question 2 3 pts ABC co. uses the allowance method to report its accounts receivable. It recorded an

This answer might be wrong please help

This answer might be wrong please help Question 2 3 pts ABC

Question 2 3 pts ABC co. uses the allowance method to report its accounts receivable. It recorded an adjusting entry at Jan.31st: Dr. Bad Debt Expense 900 Cr. Allowance for Doubtful accounts 900. Accounts receivable has an ending balance at Jan. 31st of 200,000. Allowance for Doubtful accounts has a balance of 14,100 on Jan1st and no other transaction recorded except for the adjusting entry above. Bad debt expense has a zero balance on Jan1st and no other transaction recorded except for the adjusting entry above. Which of the following statement is correct? the ending balance of Allowance for doubtful accounts is 900 the ending balance of bad debt expense is 900 O None of the above is correct Accounts receivable net of allowance for doubtful accounts is 185,000

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