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At the end of the current year, using the aging of receivable method, management estimated that $29.250 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 $29.250 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $825. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense? Multiple Choice Bad Debts Expense Allowance for Doubtful Accounts 29, 250 29,250 Bad Debts Expense Allowance for Doubtful Accounts 28.425 28,425 Bad Debts Expense Allowance for Doubtful Accounts 30,075 30, 075

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