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An aging of a company's accounts receivable indicates that $13,000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 credit balance,
An aging of a company's accounts receivable indicates that $13,000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 credit balance, the adjustment to record bad debts for the period will require a Select one: a. debit to Bad Debt Expense for $13,000. b. credit to Allowance for Doubtful Accounts for $13,000. O c. debit to Bad Debt Expense for $11,800. O d. debit to Allowance for Doubtful Accounts for $11,800. South Company borrows $88,500 on September 1, 2019, from State Bank by signing an $88,500, 12%, one-year note. What is the accrued interest at December 31, 2019? Select one: a. $4,425. O b. $3,540. () O c. $2,655. d. $10,620
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