Using the allowance method, the uncollectible accounts for the year is estimated to be $28,000. if the balance for the allowance for doubtful accounts is a $7,000 debit before adjustment, what is the amount of bad debt expense for the period? a. $7,000b. $21,000c. $28,000d. $35,000
The computation of the bad debt expense for the period is shown below:
= Estimated uncollectible amount + balance of allowance for doubtful debts
= $28,000 + $7,000
To find out the bad debt expense we added the estimated uncollected amount and the balance of allowance for doubtful debts as it has a debit balance. And, for true amount, we added both items which are shown above.
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