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How much bad debt expense must the company recognize

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Question - Sales on account for the month are $900,000. The month-end accounts receivable balance is $192,000. The allowance for uncollectible accounts is calculated as 5% of the receivables balance. If the Allowance for Doubtful Accounts has a credit balance of $2,000 before adjustment, how much bad debt expense must the company recognize?

a. $45,000

b. $43,000

c. $7,600

d. $9,600

Reference no: EM132768309

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