=+1. At the end of the fiscal year, before the accounts are adjusted, Accounts Receivable has a

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=+1. At the end of the fiscal year, before the accounts are adjusted, Accounts Receivable has a balance of $200,000 and Allowance for Doubtful Accounts has a credit balance of $2,500. If the estimate of uncollectible accounts determined by aging the receivables is $8,500, the amount of bad debt expense is:

A. $2,500. C. $8,500.

B. $6,000. D. $11,000.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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