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Assume that Crane Company decides to estimate its uncollectible accounts using the allowance method and an aging schedule. Uncollectible accounts are estimated to be $23,000.

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Assume that Crane Company decides to estimate its uncollectible accounts using the allowance method and an aging schedule. Uncollectible accounts are estimated to be $23,000. What amount of bad debt expense will Crane Company record if Allowance for Doubtful Accounts had an opening balance of $14,500 on January 1,2024 ? Bad debt expense $

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