Solved: Allowance for doubtful accounts has a credit balance of 300, Accounting Basics

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Allowance for doubtful accounts has a credit balance of 300

Question - Benson Company estimates its uncollectible accounts by aging its accounts receivable and applying percentages to various aged categories of accounts. Benson computes a total of $1,800 in estimated uncollectible accounts as of December 31, 2013. Its Accounts Receivable account has a balance of $56,400 and its Allowance for Doubtful Accounts has a credit balance of $300 before adjustment at December 31, 2013.

How much bad debts expense will Benson Company report in 2013?

A. $240

B. $1,680

C. $1,500

D. $1,920

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Accounting Basics: Allowance for doubtful accounts has a credit balance of 300

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Accounting Basics: Allowance for doubtful accounts has a credit balance of 300

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