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At the end of the year, Mercy Cosmetics balance of Allowance for Uncollectible Accounts before adjustment is $690 ( negative, debit balance ). The balance
At the end of the year, Mercy Cosmetics balance of Allowance for Uncollectible Accounts before adjustment is $690 (negative, debit balance). The balance of Accounts Receivable is $25,900. The company still estimates future uncollectible accounts to be 9% of Accounts Receivable. Calculate bad debt expense for Mercy Cosmetics for the year.
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