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During the year, ABC recorded credit sales of $610,000. Before adjustments at year-end, ABC has accounts receivable of $380,000, of which $58,000 is past due,

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During the year, ABC recorded credit sales of $610,000. Before adjustments at year-end, ABC has accounts receivable of $380,000, of which $58,000 is past due, and the allowance account had a credit balance of $2,900. Using the aging of receivables method, what would be the adjustment assuming ABC expects it will not collect 10% of the amount not yet past due and 27% of the amount past due? A. Bad Debt Expense Allowance for Uncollectible Accounts B. Bad Debt Expense Allowance for Uncollectible Accounts C Bad Debt Expense Allowance for Uncollectible Accounts p. Allowance for Uncollectible Accounts Bad Debt Expense 47,860 47,860 50,760 50, 760 44,960 44,960 44,960 44,960 Multiple Choice Optionc Option D Option A B. Bad Debt Expense Allowance for Uncollectible Accounts C. Bad Debt Expense Allowance for Uncollectible Accounts D. Allowance for Uncollectible Accounts Bad Debt Expense 50,760 50,760 44,960 44,960 44,960 44,960 Multiple Choice Option C Option D Option A Option B

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