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Allowance for Doubtful Accounts has a credit balance of $1,096 at the end of the year (before adjustment), and an analysis of the receivables indicates
Allowance for Doubtful Accounts has a credit balance of $1,096 at the end of the year (before adjustment), and an analysis of the receivables indicates uncollectible accounts of $11,011. Which of the following entries journalizes the proper adjustment for bad debt expense? a. debit Allowance for Doubtful Accounts for $12,107; credit Bad Debt Expense for $12,107 b. debit Bad Debt Expense for $12,107; credit Allowance for Doubtful Accounts for $12,107 c. debit Allowance for Doubtful Accounts for $9,915; credit Bad Debt Expense for $9,915 O d. debit Bad Debt Expense for $9,915; credit Allowance for Doubtful Accounts for $9,915
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