Question: Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $42500. If the balance of the Allowance for Doubtful Accounts is $4500

Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $42500. If the balance of the Allowance for Doubtful Accounts is $4500 credit before adjustment, what is the amount of bad debt expense for that period?

$38000

$47000

$4500

$42500

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