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Question 1 The following information is available for Marigold Corp Allowance for doubtful accounts at December 31, 2016 Credit sales during 2017 Accounts receivable deemed
Question 1 The following information is available for Marigold Corp Allowance for doubtful accounts at December 31, 2016 Credit sales during 2017 Accounts receivable deemed worthless and written off during $25900 1120000 25100 2017 As a result of a review and aging of accounts receivable in early January 2018, it has been determined that an allowance for doubtful accounts of $15100 is needed at December 31, 2017. What amount should Marigold record as "bad debt expense" for the year ended December 31, 2017? O $14300 O $15100 $15900 41000
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