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Gurney Products on December 31 had a balance in accounts receivable of $680,000. An analysis of accounts receivable indicates that $16,500 is expected to be
Gurney Products on December 31 had a balance in accounts receivable of $680,000. An analysis of accounts receivable indicates that $16,500 is expected to be uncollectible. If allowance for doubtful accounts has a credit balance of $3,200 before adjustment the entry is Select one: a. debit bad debt expense 16,500; credit accounts receivable 16,500 b. debit bad debt expense 19,700; credit allowance for doubtful accounts 19,700 c. debit bad debt expense 16,500; credit allowance for doubtful accounts 16,500 d. debit bad debt expense 13,300; credit allowance for doubtful accounts 13,300
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