On December 31, 2021, Andy Inc. has a debit balance of $1,500 for the Allowance for Uncollectible Accounts before any year-end adjustment. Andy Inc. also has the following information for its accounts receivable and the estimated percentages of bad debts for different past-due amounts:Age Group(days past due) AccountsReceivable Estimated Percent Uncollectible 0-30 $50,000 5% 31-60 $20,000 10% 61-90 $10,000 20% What is the amount of bad debt expense to be reported on Andy Inc.'s financial statements for 2021 using the aging method?
A. $1,500.
B. $6,500.
C. $8,000.
D. $5,000.
Answer: C
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