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ABC Company's revenue for year 20X1 is $500,000. Its accounts receivable balance at the end of 20X1 is $100,000. ABC Company estimates uncollectible accounts at

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ABC Company's revenue for year 20X1 is $500,000. Its accounts receivable balance at the end of 20X1 is $100,000. ABC Company estimates uncollectible accounts at 2% of revenue. Calculate bad debt expense for 20X1

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