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Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $60000. If the balance of the Allowance for Doubtful Accounts is

Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $60000. If the balance of the Allowance for Doubtful Accounts is an $12000 debit before adjustment, what is the amount of bad debt expense for that period? O $72000 O $48000 O $12000 O $60000

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