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At the end of the current year, using the aging of receivable method, management estimated that $18,750 of the accounts receivable balance would be uncollectible.

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At the end of the current year, using the aging of receivable method, management estimated that $18,750 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $475. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense? Multiple Choice 18,750 Bad Debts Expense Allowance for Doubtful Accounts 18,750 19,225 Bad Debts Expense Allowance for Doubtful Accounts 19,225 Accounts Receivable Allowance for Doubtful Accounts 19, 225 19,225 Bad Debts Expense Allowance for Doubtful Accounts 18,275 18,275 Accounts Receivable Bad Debts Expense Sales 18,750 475 19,225

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