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Johnson and Johnson had the following ending balances for the current period in its Accounts Receivable accounts before adjusting entries: Accounts Receivable. $ 170,000 Allowance

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Johnson and Johnson had the following ending balances for the current period in its Accounts Receivable accounts before adjusting entries: Accounts Receivable. $ 170,000 Allowance for Bad Debts l_4.000) Net Accounts Receivable $ 166,000 The company uses the Aging method to estimate Bad Debt Expense and prepared the following summary schedule from an aging of accounts receivable at the end of the current period: 1-30 days 31-60 days 61-90 days Over 90 days Balance of A/R $100,000 $40,000 $20,000 $10,000 Estimated Uncollectible % 1% 10% 30% 30% The adjustment will record Bad Debt Expense of: O $18,000 O $4,000 $14,000 O $10.000

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