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At the end of a period (before adjustment), Allowance for Doubtful Accounts has a credit balance of $5,000. The Accounts Receivable balance is analyzed by

At the end of a period (before adjustment), Allowance for Doubtful Accounts has a credit balance of $5,000. The Accounts Receivable balance is analyzed by aging the receivables and the amount estimated to be uncollectible is $50,000. The amount to be journalized in the adjusting entry for the bad debt expense is $45,000.

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