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The fiscal year is winding down and the company you work for is counting on you to run some analysis on company financials. The company

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The fiscal year is winding down and the company you work for is counting on you to run some analysis on company financials. The company had a great year, but the managers want a second set of eyes to look at these numbers. Determine the answer for the following situation and report back to your manager. John deer ages accounts receivable to estimate uncollectibles. The aging schedule reveals $6,570 of uncollectible accounts. Allowance for doubtful accounts prior to adjustment has a debit balance of $35. What amount will bad debt expense be on the income statement? A. \$35 B. $70 C. $6,535 D. $6,570 E. $6,605

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