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At the end of the current year, using the aging of accounts receivable method, management estimated that $22,750 of the accounts receivable balance would
At the end of the current year, using the aging of accounts receivable method, management estimated that $22,750 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a credit balance of $445. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense? 335 Multiple Choic Bad Debts Expense 23,195 Allowance for Doubtful Accounts 23,195 Bad Debts Expense 22,750 Allowance for Doubtful Accounts 22,750 Bad Debts Expense Allowance for Doubtful Accounts Accounts Receivable Bad Debts Expense Sales 22,305 22,305 22,750 445 23,195
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