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Pre-adjustment balance of allowance is $23K (DEBIT). Gross receivables balance is $100K.12% of receivables are estimated to be uncollectible. Bad debt expense to be recognized

Pre-adjustment balance of allowance is $23K (DEBIT). Gross receivables balance is $100K.12% of receivables are estimated to be uncollectible. Bad debt expense to be recognized is: 11K 12K 23K 35K

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