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An aging of a company's accounts receivable indicates that $140,000 are estimated to be uncollectible. The Allowance for Doubtful Accounts has a $18,000 credit balance

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An aging of a company's accounts receivable indicates that $140,000 are estimated to be uncollectible. The Allowance for Doubtful Accounts has a $18,000 credit balance (there is already $18,000 in the allowance account). Calculate the required adjustment to record bad debt expense for the period

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