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At December 3 1 , Amy Jo's Appliances had account balances in Accounts Receivable of $ 3 1 0 , 0 0 0 and $

At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $310,000 and $520(credit) in Allowance for Uncollectible Accounts. An analysis of Amy Jo's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 5% of accounts receivable. Bad debt expense for the year should be
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