Question:
On December 31 of the current year the unadjusted trial
Last updated: 3/18/2024
![On December 31 of the current year the unadjusted trial](https://media.kunduz.com/media/sug-question-candidate/20240318213900945565-4116583.jpg?h=512)
On December 31 of the current year the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following Accounts Receivable debit balance of 98 000 Allowance for Doubtful Accounts credit balance of 1 041 What amount should be debited to Bad Debts Expense assuming 5 of outstanding accounts receivable at the end of the current year are estimated to be uncollectible Multiple Choice 4 900 1 041 3 859 2 967