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 $7500

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 $7500 debit before adjustment what is the amount of bad debt expense for that period?

$47500

$32500

$40000

$7500

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