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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 $34,750 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a credit balance of $565. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense? Multiple Choice 35,315 Accounts Receivable Allowance for Doubtful Accounts 35, 315 35,3151 Bad Debts Expense Allowance for Doubtful Accounts 35,315 Accounts Receivable Bad Debts Expense Sales 34,750 565 35,315 34.185 Bad Debts Expense Allowance for Doubtful Accounts 34,185 Bad Debts Expense 34,750

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