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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

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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 $39,375 of the accounts receivable balance would be uncollectible Prior to any year end adjustments, the Allowance for Doubtful Accounts had a credit balance of 53.285. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense? OB Debt Expre Allowance for Doubtful Accounts 36 Red Debt Expense Allowance for Doubtfil Accounts 42.64 42.660 Bad Debt Expense Allowance for Doubtful Accounts 39.375 39.375 Accounts Recervable Bad Deht Expense Sales 39.375 3.385 42,660 36,000 Accounts Receivable Allowance for Doubtful Accounts 36,090

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