Question - Manley operates a law practice on the accrual method and calendar year. At the beginning of the year Manley's firm had an allowance for doubtful accounts with balance of $15,000. At the end of the year, Manley recorded bad debt expense of $ 23,000 and the balance of doubtful accounts had increased to $18000? What is Manley's deduction for bad debt expense this year
A. 23,000
B. 3,000
C. 26,000
D. 5,000
E. 20,000