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Which of the following allowances for bad debt should the company enter into their financials for an Accounts Receivable account with a balance of $50,000

Which of the following allowances for bad debt should the company enter into their financials for an Accounts Receivable account with a balance of $50,000 if the company estimates that 1.9% of receivables will be uncollectible?

  • $1,025.00
  • $10,250.00
  • $950.00
  • $9,500.00

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