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Business, 04.08.2019 18:20 thatcommondumbgirl

Xyz company uses an allowance method to account for bad debts. it estimates that 5% of the accounts receivable will be uncollectible. at the end of the year, there is an accounts receivable balance of $750,000, and a debit balance in the allowance for uncollectible accounts of $9,000. what is uncollectible accounts expense for the reporting period?

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