At the end of the current year, using the aging of accounts…
At the end of the current year, using the aging of accounts receivable method, management estimated that $25,750 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $1,375. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?