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The following accounts were abstracted from Nami Company's unadjusted trial balance on December 31, 2022: Accounts Receivable - 5,00,000 (Debit); Allowance for doubtful accounts -
The following accounts were abstracted from Nami Company's unadjusted trial balance on December 31, 2022: Accounts Receivable - 5,00,000 (Debit); Allowance for doubtful accounts - 40,000 (debit); Net credit Sales - 20,000,000 (Credit) The entity estimates that 3% of the gross accounts receivable will become uncollectible. What amount should be recognized as doubtful accounts expense for 2022. *
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a. 110,000
b. 150,000
c. 190,000
d. 600,000
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