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Lisa-Marie Corp's unadjusted trial balance includes Accounts Receivable of $10,000, a credit balance in its Allowance for Doubtful Accounts of $50, and Sales Revenue of

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Lisa-Marie Corp's unadjusted trial balance includes Accounts Receivable of $10,000, a credit balance in its Allowance for Doubtful Accounts of $50, and Sales Revenue of $100,000. Based on an aging of its receivables, management estimates that $1,000 of receivables will be uncollectible. Lisa-Marie's financial statements will show: Multiple Choice Bad Debt Expense of $1,000. Allowance for Doubtful Accounts of $(950). Allowance for Doubtful Accounts of $(1,050). Bad Debt Expense of $950

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