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Consider the following information regarding the company's history: Accounts Receivables total$950,000 Estimates show that 4% of its receivables will be uncollectible No balance in the

Consider the following information regarding the company's history:

Accounts Receivables total$950,000
Estimates show that 4% of its receivables will be uncollectible
No balance in the Allowance account

Using the allowance method, what is the correct amount of a company's bad debt expense for the year, given the above information?

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