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7. Wellington Corp. has outstanding accounts receivable totaling $1,500,000 as of December 31. If the company estimates that 7% of its accounts receivable will be
7. Wellington Corp. has outstanding accounts receivable totaling $1,500,000 as of December 31. If the company estimates that 7% of its accounts receivable will be uncollectible, what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense
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