Business, 06.05.2020 07:34 camillexv2668

Tanning Company analyzes its receivables to estimate bad debt expense The accounts receivable balance is $300 000 and credit sales are $1,000,000. An Aging of accounts receivable shows that approximately 10 of the outstanding receivables will be uncollectible. What adjusting entry will Tanning Company make if the Allowance for Doubtful Accounts has a credit balance of $2,000 before adjustment?

A Bad Debt Expense 26,000 Allowance for Doubtful 26,000 Accounts
B. Bad Debt Expense 30,000 Allowance for Doubtful 30,000 Accounts
C. Bad Debt Expense 17,000 Allowance for Doubtful 17,000 Accounts
D. Bad Debt Expense 20,000 Allowancefor Doubtful 20,000 Accounts

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Tanning Company analyzes its receivables to estimate bad debt expense The accounts receivable balanc...

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