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A company has $91,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Experience suggests that 5% of outstanding

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A company has $91,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Experience suggests that 5% of outstanding receivables are uncollect ble The current balance (before adjustments) in the alowance for ooubtful accons s on $810 credit. The journal entry to record the adjustment to the allowance account includes a debit to Bad Debts Expense for Mubple Choice $3,740 $4,510 $5.360 $4,591 $4,550

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