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A company has $90.000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Experience suggests that 6% of outstanding

A company has $90.000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Experience suggests that 6% of outstanding receivables are uncollectible The current balance (before adjustmants) in the allowance for doubtful accounts is an $800 debit The journal entry to record the adjustment to the allowance account includes a detit to Bad Debts Expense for $5,448 $6.200 $5,400 $5,352 $4,600

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