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Using the percentage-of-receivables basis, the uncollectible accounts for the year is estimated to be $39600. If the balance for the Allowance for Doubtful Accounts is

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Using the percentage-of-receivables basis, the uncollectible accounts for the year is estimated to be $39600. If the balance for the Allowance for Doubtful Accounts is a $7000 credit before adjustment, what is the amount of bad debt expense for the period? O $39600 $7000 O $32600 # $46600

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