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A company uses the allowance method to estimate bad debts. The allowance account beginning balance was a $12,000 credit and the ending balance was an
A company uses the allowance method to estimate bad debts. The allowance account beginning balance was a $12,000 credit and the ending balance was an $18,000 credit. What must be the amount of bad debt expense for the year?
$12,000
$30,000
$18,000
$6,000
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