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Allowance for Doubtful Accounts has a credit balance of $2,100 at the end of the year (before adjustment), and an analysis of the receivables indicates
Allowance for Doubtful Accounts has a credit balance of $2,100 at the end of the year (before adjustment), and an analysis of the receivables indicates uncollectible accounts of $19,700. Which of the following entries journalizes the proper adjustment for bad debt expense? Oa. debit Bad Debt Expense for $17,600; credit Allowance for Doubtful Accounts for $17,600 Ob. debit Allowance for Doubtful Accounts for $17,600: credit Bad Debt Expense for $17,600 Oc. debit Bad Debt Expense for $21,800; credit Allowance for Doubtful Accounts for $21,800 Od. debit Allowance for Doubtful Accounts for $21,800; credit Bad Debt Expense for $21,800
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