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At the end of the current year, using the aging of receivable method, management estimated that $35,750 of the accounts receivable balance would be uncollectible.
At the end of the current year, using the aging of receivable method, management estimated that $35,750 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a credit balance of $575. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense? Multiple Choice 35,750 o Bad Debts Expense Allowance for Doubtful Accounts +35,75035,750 35,750 36,325 Bad Debts Expense Allowance for Doubtful Accounts 36,325 o Bad Debts Expense Allowance for Doubtful Accounts o Accounts Receivable Bad Debts Expense Sales 35,750 575) o 36,325 36,325 o Accounts Receivable Allowance for Doubtful Accounts 36,325
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