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Based on our discussions, why was the Allowance for Bad Debt created? To record the amount of accounts receivable written off during the period. To

Based on our discussions, why was the Allowance for Bad Debt created?

To record the amount of accounts receivable written off during the period.

To record the net amount of accounts receivable that will be paid.

To record the amount of accounts receivable that will most likely never be paid.

To record the net sales amount from the last period that will probably never be paid.

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