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Question 52 15 pts On January 1, a company had a beginning accounts receivable balance of $83,000 and a beginning credit balance in the allowance
Question 52 15 pts On January 1, a company had a beginning accounts receivable balance of $83,000 and a beginning credit balance in the allowance for uncollectible accounts of $3,400. During the year, they had total credit sales of $228,000 and collected $192,000 cash from customers. They had one actual write-off during the year in the amount of $400. At the end of the year, the company performs an adjusting entry to account for their uncollectible accounts receivable. The company will reserve 10% of their unadjusted accounts receivable balance at the end of the year. What amount of Bad Debt expense will be recorded for the year
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