Question: Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $61000. If the balance of the Allowance for Doubtful Accounts is an

Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible

Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $61000. If the balance of the Allowance for Doubtful Accounts is an $12200 debit before adjustment, what is the amount of bad debt expense for that period? $48800 $73200 $12200 $61000

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