Reynolds Manufacturers Inc. has estimated total factory overhead costs of $127,200 and expected direct labor hours of 10,600 for the current fiscal year. If job number 117 incurs 1,930 direct labor hours, Work in Process will be debited and Factory Overhead will be credited for

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 $97,900; allowance for doubtful accounts, credit balance of $1,031. what amount should be debited to bad debts expense, assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible?