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Question 13 (5 points) The Izzo Company has provided the following information: *The allowance for doubtful accounts balance at the beginning of the year was
Question 13 (5 points) The Izzo Company has provided the following information: *The allowance for doubtful accounts balance at the beginning of the year was a credit balance of $40,000. *The allowance for doubtful accounts balance at the end of the year after the recording of bad debt expense was a credit balance of $55,000. *Accounts receivable written-off as uncollectible during the year amounted to $5,000. How much was the Izzo Company's bad debt expense for the year? O $15,000 O $5,000
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