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Company has sales of $225,000 for the year, and its aging analysis indicates a desired ending (normal) balance in the allowance account of $8,497. The
Company has sales of $225,000 for the year, and its aging analysis indicates a desired ending (normal) balance in the allowance account of $8,497. The company wrote off $6,937 in accounts during the year. The Allowance for Doubtful Accounts account had a credit balance of $3,700 after write-offs but before the year-end adjustment of the allowance account. What amount of bad debt expense will appear on the income statement?
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