Wheeling Inc. uses the aging of accounts receivable method. Its estimate of uncollectible receivables resulting from the aging analysis equals $5700. At the end of the year, the balance of Accounts Receivable is $107,000 and the unadjusted debit balance of the Allowance for Doubtful Accounts is $640. Credit sales during the year totaled $164,000. What is the estimated Bad Debt Expense for the current year?
A. $5060.
B. $6340.
C. $7840.
D. $5700.
Answer: B
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