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Disregard #1 above. Now assume that Richardson Orthodontist Practice estimates its annual bad debt expense using the aging of accounts receivables method. Calculate bad debt

Disregard #1 above. Now assume that Richardson Orthodontist Practice estimates its annual bad debt expense using the aging of accounts receivables method. Calculate bad debt expense for the year ending December 31, 2023 and prepare the relevant adjusting entry. Assume there is a credit balance of $5,000 in the allowance for uncollectible account

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