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Sheffield Corp. unadjusted trial balance includes the following balances (assume normal balances): Accounts receivable $1800000 Allowance for doubtful accounts $40500 Bad debts are estimated to

Sheffield Corp. unadjusted trial balance includes the following balances (assume normal balances): Accounts receivable $1800000 Allowance for doubtful accounts $40500 Bad debts are estimated to be 10% of outstanding receivables. What amount of bad debt expense will the company record?

$137370 $182500 $139500 $177130

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