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Business, 25.11.2021 05:30 hii4199

On December 31, 2019 accounts receivable shows a normal balance of $75,000. Allowance for Doubtful Accounts has a credit balance of $2,500. Credit sales for the year were $500,000. An aging of accounts receivable shows that $3,500 in estimated uncollectible accounts. The company uses the aging of receivables method to recognize bad debt expense. Determine Bad Debt Expense.

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On December 31, 2019 accounts receivable shows a normal balance of $75,000. Allowance for Doubtful A...
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