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Hill View Corporation has the following information: It is estimated that 10% of ending accounts receivable is most likely to prove uncollectible. The current year
Hill View Corporation has the following information:
- It is estimated that 10% of ending accounts receivable is most likely to prove uncollectible.
- The current year ending balance of accounts receivable is $1,000,000.
- Allowance for Doubtful Accounts ended the current year with a $20,000 credit balance.
Calculate the value of bad debts expense recorded in the books of Hill View Corporation.
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