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QUESTION 7 Using the allowance method, the uncollectible accounts for the year is estimated to be $40,000. If the balance for the Allowance for Doubtful

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QUESTION 7 Using the allowance method, the uncollectible accounts for the year is estimated to be $40,000. If the balance for the Allowance for Doubtful Accounts is a $22,000 credit before adjustment, what is the amount of bad debt expense for the period? O $62.000 O $40,000 O $18,000 $22.000

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