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Assume Sun Industries has a balance of Accounts Receivable, Net equaling $400,000 on its Balance sheet. If Sun writes off a specific account of $5,000,
Assume Sun Industries has a balance of Accounts Receivable, Net equaling $400,000 on its Balance sheet. If Sun writes off a specific account of $5,000, what will be the effect on Bad Debt Expense from the write-off?
A. No effect
B. $5,000
C. $395,000
D. $400,000
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