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The required balance in Sheridan's Allowance for Doubtful Accounts is $37000, based on an aging of its accounts receivable. The Allowance for Doubtful Accounts currently
The required balance in Sheridan's Allowance for Doubtful Accounts is $37000, based on an aging of its accounts receivable. The Allowance for Doubtful Accounts currently has a debit balance of $4900. Sheridan's bad debt expense for the period is $32100.$4900.$37000.$41900
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