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6. A company ages its accounts receivables to determine its end of period adjustment for bad debts. At the end of the current year, management
6. A company ages its accounts receivables to determine its end of period adjustment for bad debts. At the end of the current year, management estimated that $22,250 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $1,750. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense? A. A. Bad Debts Expense 22,250 Allowance for Doubtful 22,250 B. B. Bad Debts Expense 20,500 Allowance for Doubtful 20,500 Accounts C. |c. |Accounts Receivable 24,000 Allowance for Doubtfu 24,000 Accounts D. D. Accounts Receivable 22,250 Bad Debts Expense 1.750 Sales 24,000 E . Bad Debts Expense 24,000 Allowance for Doubtful 24,000 Accounts
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