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At the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts before adjustment is $640 (negative, debit balance). The balance of
At the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts before adjustment is $640 (negative, debit balance). The balance of Accounts Receivable is $25,400. The company still estimates future uncollectible accounts to be 11% of Accounts Receivable. Calculate bad debt expense for Mercy Cosmetics for the year. Bad debt expense
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