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Sales on account for the month are $900,000. The month-end accounts receivable balance is $192,000. The company estimates it will not collect 5% of the
Sales on account for the month are $900,000. The month-end accounts receivable balance is $192,000. The company estimates it will not collect 5% of the current month's credit sales. If the Allowance for doubtful accounts has a debit balance of $2,000 before adjustment, how much bad debt expense must the company recognize?
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