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The following information is from the 2019 records of Albert Book Shop: $45,000 Accounts receivable, December 31, 2019 (debit) Allowance for Bad Debts, December 31,
The following information is from the 2019 records of Albert Book Shop: $45,000 Accounts receivable, December 31, 2019 (debit) Allowance for Bad Debts, December 31, 2019 prior to adjustment 1700 (debit) INet credit sales for 2019 177,000 Accounts written off as uncollectible during 2017 20,000 Cash sales during 2019 29,500 Bad debts expense is estimated by the aging-of-receivables method. Management estimates that $5200 of accounts receivable will be uncollectible. Calculate the amount of bad debts expense for 2019. $3500 $5450 Oo oo $6900 $4300
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