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Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $274,000 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 $274,000 and credit sales are $1,000,000. An aging of accounts receivable shows that approximately 6% of the outstanding receivables will be uncollectible what adusting entry wil Tanning Company make t Allo ance r Doubtful Accounts has a credit balance of $1,000 before adjustment? Oa. Bad Debt Expense 16,440 Allowance for Doubtful Accounts $16,440 Ob. Bad Debt Expense Oc, Bad Debt Expense Od. Bad Debt Expense $14,440 Allowance for Doubtful Accounts $14,440 $14,940 Allowance for Doubtful Accounts $14,940 $15,440 Allowance for Doubtful Accounts $15,440
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