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Question 35 4 pts The Accounts Receivable balance for Field Company at December 31, 2015, was $25,000. During 2016, Field earned revenue of $457,000 on

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Question 35 4 pts The Accounts Receivable balance for Field Company at December 31, 2015, was $25,000. During 2016, Field earned revenue of $457,000 on account and collected $326,000 of that amount. Field wrote off $5,900 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 4% of accounts receivable. 1) Assume Field has an unadjusted $1.,900 debit balance in Allowance for Bad Debts at December 31 2016. Journalize Field's December 31, 2016 adjustment to record bad debts expense using the percent-of-receivables method. HTML Editor Paragraph

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