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For the year ended December 31, 2017, Dent Co. estimated its allowance for uncollectible accounts using the year-end aging of accounts receivable. The following data
For the year ended December 31, 2017, Dent Co. estimated its allowance for uncollectible accounts using the year-end aging of accounts receivable. The following data are available:
Allowance for uncollectible accounts, 1/1/17 $126,000
Provision for uncollectible accounts during 2017 90,000
Uncollectible accounts written off, 11/30/17 104,000
Estimated uncollectible accounts per aging, 12/31/17 156,000
After year-end adjustment, the bad debt expense for 2017 should be
a. $104,000.
b. $90,000.
c. $156,000.
d. $134,000
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