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A firm prepares the following aging table for its accounts receivable Days Amounts Estimated Outstanding uncollectibles rate 1-30 days 25,000 1% 30-60 days 30.000 5%

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A firm prepares the following aging table for its accounts receivable Days Amounts Estimated Outstanding uncollectibles rate 1-30 days 25,000 1% 30-60 days 30.000 5% Before the adjustment, the allowance for bad debt has a credit balance of $500. Based on the table, the ending allowance for bad debt is $2,250 $3,300 $1,250 $1,750

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