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financial accounting A company nges its accounts recelvables to defermine its end of period adjustment for bad debts. At the end of the cument year,
financial accounting
A company nges its accounts recelvables to defermine its end of period adjustment for bad debts. At the end of the cument year, mansgement estimated that $40,375 of the accounts receivabie balance would be uncollectble. Prior 10 any year-end adjustments. the Alowance for Doubthl Accounts had a coedt balance of $3,392. What adjusting chtry should the company make at the end of the current year 10 record its estumated bad debts cxpense? Munisle Choice Step by Step Solution
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