An aging of a company’s accounts receivable indicates that estimate of the uncollectible accounts totals $4,000. if allowance for doubtful accounts has a $800 credit balance, the adjustment to record the bad debt expense for the period will require aa. debit to allowance for doubtful accounts for $3,200.b. debit to bad debt expense for $3,200.c. debit to allowance for doubtful accounts for $4,000.d. credit to allowance for doubtful accounts for $4,000

B. debit to Bad Debt Expense for $3,200.

Explanation:

In the given question, the total of uncollectible accounts is $4,000 and the allowance for doubtful accounts has an $800 credit balance. The remaining amount which is left i.e $3,200 ($4,000 - $800) is debited to bad debt expense

The journal entry is shown below:

Bad debt expense A/c Dr  $3,200

     To Allowance for Doubtful Accounts $3,200

(Being bad debt expense recorded)

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; work samples;