Business, 14.11.2019 23:31 jennyn26

At the end of the year, mark inc. estimates future bad debts to be $6,500. the allowance for uncollectible accounts has a credit balance of $2,500 before any year‐end adjustment. what adjustment should mark inc. record for the estimated bad debts at the end of the year?
a. debit bad debt expense, $6,500; credit allowance for uncollectible accounts, $6,500
b. debit bad debt expense, $4,000; credit allowance for uncollectible accounts $4,000
c. debit allowance for uncollectible accounts, $9,000; credit bad debt expense, $9,000
d. debit bad debt expense, $9,000; credit allowance for uncollectible accounts, $9,000

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