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Sheridan Company estimates that 8% of accounts receivable will become uncollectible. Accounts receivable are $147,200 at the end of the year, and the allowance

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Sheridan Company estimates that 8% of accounts receivable will become uncollectible. Accounts receivable are $147,200 at the end of the year, and the allowance for doubtful accounts has a $904 credit balance. Bad debt expense $

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