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An aging of a company's accounts receivable indicates that $10400 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $3080 credit balance,
An aging of a company's accounts receivable indicates that $10400 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $3080 credit balance, the adjustment to record bad debts for the period will require a
| debit to Bad Debt Expense for $10400. |
| debit to Bad Debt Expense for $7320. |
| credit to Allowance for Doubtful Accounts for $10400. |
| debit to Allowance for Doubtful Accounts for $7320. |
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