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Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $276,000 and credit sales are $1,000,000. An aging of accounts
Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $276,000 and credit sales are $1,000,000. An aging of accounts receivable shows that approximately 6% of the outstanding receivables will be uncollectible. What adjusting entry wil Tanning Company make the Allowance for Doubtful Accounts has a credit balance of $1,200 before adjustment? Oa Bad Debt Expense 16,360 Allowance for Doubtful Accounts 16,360 On Bad Debt Expense 14,360 Allowance for Doubtful Accounts 14,360 Oc. Bad Debt Expense 15,360 Allowance for Doubtful Accounts 15,360 Od Bad Debt Expense 14,860 Allowance for Doubtful Accounts 14,860
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