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Before adjusting entries, a company ended the year with a debit balance of $120,000 in Accounts Receivable and a credit balance of $2,000 in the

Before adjusting entries, a company ended the year with a debit balance of $120,000 in Accounts Receivable and a credit balance of $2,000 in the Allowance for Uncollectible Accounts. At the end of the year they determined that 10% of their accounts receivable were uncollectible.

How much Bad Debt Expense is recorded for the year?

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