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Bad Debt Expense Question: Requirements: Estimate the bad debt expense for the year based on the following information: Accounts Receivable: $150,000 Allowance for Doubtful Accounts:

·Bad Debt Expense Question:

Requirements:
- Estimate the bad debt expense for the year based on the following information:
  - Accounts Receivable: $150,000
  - Allowance for Doubtful Accounts: $7,000
  - Historical Bad Debt Percentage: 3.5%

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