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Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $32,000. If the balance of the Allowance for Doubtful Accounts is an
Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $32,000. If the balance of the Allowance for Doubtful Accounts is an $8,000 debit before adjustment, what is the amount of bad debt expense for that period?
a) $8,000
b) $24,000
c) $32,000
d)$40,000
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