Question: Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $40000. If the balance of the Allowance for Doubtful Accounts is $8000

Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $40000. If the balance of the Allowance for Doubtful Accounts is $8000 debit before adjustment, what is the balance after adjustment?

a. $48000

b. $32000

c. $8000

d. $40000

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