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27-10-2022
Business

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g 'a company has $98,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 5% of outstanding receivables are uncollectible. the current balance (before adjustments) in the allowance for doubtful accounts is a(n) $880 credit. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for:

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