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Company O has outstanding accounts receivables of $1,650,000 at year-end. During the year, $35,000 of accounts receivables were written-o. The company estimates allowance for bad

Company O has outstanding accounts receivables of $1,650,000 at year-end. During the year, $35,000 of accounts receivables were written-o. The company estimates allowance for bad debts to be 3% of accounts receivables balance. If the allowance for bad debts before adjustment has a debit balance of $1,500, how much should be the amount of adjustment?

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