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Ramsey company estimates that 3% of accounts receivable will become uncollectible. Accounts receivable are $200,000 at the end of the year, and the allowance for

Ramsey company estimates that 3% of accounts receivable will become uncollectible. Accounts receivable are $200,000 at the end of the year, and the allowance for doubtful accounts has a $500 debit balance before adjustment.

a. what is the amount of bad debit expense for the period?

b. what will the balance in the Allowance for Doubtful Accounts be after the adjusting journal entry is made?

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