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Requirements: Estimate the bad debt expense for the year based on the following information: Accounts Receivable: $50,000 Allowance for Doubtful Accounts: $2,000 Historical Bad Debt

Requirements:

Estimate the bad debt expense for the year based on the following information:
- Accounts Receivable: $50,000
- Allowance for Doubtful Accounts: $2,000
- Historical Bad Debt Percentage: 5%

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