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Seve & Exit 39 On December 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to
Seve & Exit 39 On December 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: Accounts Receivable, debit balance of $97,900; Allowance for Doubtful Accounts, credit balance of $1,031. What amount should be debited to Bad Debts Expense, assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible? Mutie Choice C $6.905 O $1031 0 1400 35374
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