Allowance for doubtful accounts has a credit balance of $1,300 at the end of the year (before adjustment). the company prepares an analysis of customers’ accounts to estimate the amount of uncollectible accounts of $41,900. which of the following adjusting entries would be made to record the bad debt expense for the year? a. debit allowance for doubtful accounts, $40,600credit bad debt expense, $40,600b. debit allowance for doubtful accounts $43,200 credit bad debt expense, $43,200c. debit bad debt expense, $43,200 credit allowance for doubtful accounts, $43,200d. debit bad debt expense, $40,600 credit allowance for doubtful accounts, $40,600

D

Explanation:

Allowance for bad debt reduces the AR balance on the balance sheet, so will always be a credit balance. As the existing balance is $1,300 and the final balance needs to be $41,900, an adjusting entry of $40,600 is required on the credit side of the balance sheet.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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