Financial Accounting Question. Please help!?

ABC Company has an unadjusted balance in Allowance for Bad Debts of $6,0. The amount of the allowance appearing on the balance sheet is $51,0. What is the amount of bad debt expense for the year?
a.$6,0.
b.$45,0.
c.$51,0.
d.$57,0.

✅ Answers

? Best Answer

  • Assuming the $6,0 balance was a credit balance and it’s now $51,0, the expense must have been:
    b.$45,0.

    51,0 – 6,0 = 45,0

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