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A company uses the aging of accounts receivable method to estimate its bad debts expense. On December 31 of the current year an aging analysts

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A company uses the aging of accounts receivable method to estimate its bad debts expense. On December 31 of the current year an aging analysts of accounts receivable revealed the following: A. Calculate the amount of the Allowance for Doubtful Accounts that should be reported on the current year-end balance sheet. Use the partially completed template below to show your calculations. B. Calculate the amount of the Bad Debts Expense that should be reported on the current year's income statement, assuming that the Allowance for Doubtful Accounts had a credit balance of exist4, 653 on December 31 of the current year. C. Prepare the adjusting journal entry to record bad debts expense on December 31 of the current year

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