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27-10-2022
Business

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wheeling incorporated uses the aging of accounts receivable method. its estimate of uncollectible receivables resulting from the aging analysis equals $5,000. at the end of the year, the balance of accounts receivable is $100,000 and the unadjusted debit balance of the allowance for doubtful accounts is $500. credit sales during the year totaled $150,000. what is the estimated bad debt expense for the current year?

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