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(5 points) On December 31, 2022, prior to any adjusting entries, HCTLA, Co. reported credit sales of $8,785,000, outstanding Accounts Receivable of $1,757,000 and a

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(5 points) On December 31, 2022, prior to any adjusting entries, HCTLA, Co. reported credit sales of $8,785,000, outstanding Accounts Receivable of $1,757,000 and a debit balance of $163,400 in its Allowance for Bad Debt. If the company estimates that 5% of its credit sales will be uncollectible, what will HCTLA, Co. report as Bad Debt Expense on the year-end income statement after making any necessary adjusting entries? (A 7) 439250 163399.9 275850 251250

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