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Business, 09.08.2021 23:20 nikejenkins18

A company has $98,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Experience suggests that 6% of outstanding receivables are uncollectible. The current balance (before adjustments) in the allowance for doubtful accounts is a(n) $880 debit. The journal entry to record the adjustment to the allowance account includes a debit to Bad Debts Expense for:.

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A company has $98,000 in outstanding accounts receivable and it uses the allowance method to account...
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