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Question 20 Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $62000. If the balance of the Allowance for Doubtful Accounts

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Question 20 Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $62000. If the balance of the Allowance for Doubtful Accounts is an $12400 debit before adjustment, what is the balance after adjustment? O $49600 O $62000 O $12400 O $74400

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