Which of the following statements is true?

 

Earl Company uses the accrual method of accounting. At the beginning of the year, Earl's allowance for bad debts account was $950,000. Earl recorded an increase in the allowance account of $845,000 and ending allowance account balance was $895,400. Which of the following statements is true? A.Bad debt expense per books is $845,000, and the deduction for bad debts is $899,600.  B.Bad debt expense per books is $899,600, and the deduction for bad debts is $845,000.  C.Bad debt expense per books and the deduction for bad debts is $899,600  D.Bad debt expense per books and the deduction for bad debts is $895,400

 

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