A company ages its accounts receivables to determine its end of period adjustment for bad debts. At the end of the current year, management estimated that $16,500 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $400. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?
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Bad Debts Expense
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16,500
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Allowance for Doubtful Accounts
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16,500
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Bad Debts Expense
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16,100
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Allowance for Doubtful Accounts
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16,100
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Bad Debts Expense
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16,900
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Allowance for Doubtful Accounts
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16,900
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Accounts Receivable
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16,500
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Bad Debts Expense
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400
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Sales
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16,900
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Accounts Receivable
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16,900
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Allowance for Doubtful Accounts
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16,900
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