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From the following information, determine the correct amount of bad debt expense for Knight Inc. for the year 2021. AT DECEMBER 31, 2021 Allowance for

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From the following information, determine the correct amount of bad debt expense for Knight Inc. for the year 2021. AT DECEMBER 31, 2021 Allowance for Doubtful Accounts $ 3,000(dr.) Sales 730,000(cr.) Sales Returns & Allowances 8,000(dr.) The basis for estimating bad debt expense is the Percentage of Receivables-Balance Sheet Approach. The aging schedule revealed that $14,440 should be uncollectible. Multiple Choice $11,440 $14,440 $17,440 0 $14,600

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