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Accounts receivable has a balance of $1,050,000 and the allowance for doubtful accounts has a credit balance of $7,400 at fiscal year-end prior to adjustment.
Accounts receivable has a balance of $1,050,000 and the allowance for doubtful accounts has a credit balance of $7,400 at fiscal year-end prior to adjustment. If the estimate of uncollectible accounts determined by aging the receivables is $18,500, the amount of bad debts expense is:
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