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Save 5 points Each December 31, Charity Company ages its accounts receivable to determine the amount of its adjustment for bad debts. At the end of this year, management estimated that $56.900 of the accounts receivable balance would be uncollectible The Allowance for Doubtful Accounts account had a credit balance of $4 200. Prepare the adjusting Journal entry that Charity Company should make on December 31 of the current year to estimate bad debts expense For the toolbar press ALT+F10 (PC) or ALT+FN+F10 (Mac)