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A company's unadjusted trial balance at the end of the year includes the following: Accounts Receivable $ 103,000 Unadjusted debit balance in Allowance for
A company's unadjusted trial balance at the end of the year includes the following: Accounts Receivable $ 103,000 Unadjusted debit balance in Allowance for Doubtful Accounts 1,500 The company uses the aging of accounts receivable method. Its estimate of uncollectible receivables resulting from the aging analysis equals $6,550. What is the amount of Bad Debt Expense to be recorded for the year? $8,050 $5,050 O $9,550 $6,550 None of the above.
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