The allowance for bad debts account has a debit balance of $9000 before the adjusting entry for bad debts expense. after analyzing the accounts in the accounts receivable subsidiary ledger using the aging-of-receivables method, the company's management estimates that uncollectible accounts will be $11,000. what amount of bad debts expense will be reported on the income statement?
a) $2000
b) $11,000
c) $8000
d) $20,000

option (B) $20,000

Explanation:

Data provided in the question:

Existing balance in Allowance for Bad Debts account = $9,000

Estimate of uncollectible accounts = $11,000

Now,

Amount of Bad debts expense reported on the income statement will be

        Existing balance in Allowance for Bad Debts account       $9,000

Add: Estimate of uncollectible accounts                                       $11,000

Amount of Bad debts expense reported on the income statement = $20,000

Hence,

The correct answer is option (B) $20,000

mcdonald's fast-food restaurants have a well-designed training program for all new employees. each new employee is supposed to learn how to perform standardized tasks required to maintain mcdonald's service quality. due to labor shortages in some areas, new employees begin work as soon as they are hired and do not receive any off-the-job training. this nonconformity to standards creates control loss.

i would say a penny hope it you