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An aging of a company's accounts receivable indicates the estimate of uncollectible receivables totals $5,307. If Allowance for Doubtful Accounts has a $1,078 credit balance,

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An aging of a company's accounts receivable indicates the estimate of uncollectible receivables totals $5,307. If Allowance for Doubtful Accounts has a $1,078 credit balance, the adjustment to record the bad debt expense for the period will require a a. credit to our for 55.307 Ob das Bad De Espeso 54229 Oc debetto Bed Det Expo 51.07% Od debit to Be 55.307. Abbott Company uses the allowance method of accounting for uncollectible accounts, Abbott estimates that 15 of credit sales will be uncollectible. On January 1, the Allowance for Doubtful Accounts had a credit balance of $3,600. During the year, Abbott wrote off accounts receivable totaling $2,600 and made credit sales of $104,000 After the adjusting entry, the December 31 balance in Bad Debt Expense will be Oa. 51,040 Ob. 53.500 Oc. 54.640 Od. 62,040

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