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Question 49 (1 point) A company has $235,000 of accounts receivable at year end. The company uses the allowance method to account for uncollectible accounts.

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Question 49 (1 point) A company has $235,000 of accounts receivable at year end. The company uses the allowance method to account for uncollectible accounts. The Allowance for Uncollectable Accounts has a $7,250 opening credit balance. If the company estimates 7% of receivables will be uncollectible, what is bad debt expense for the company? $9,200 $7.250 $23,700 $16.450

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