Prepare the journal entry to record bad debt expense

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Question - Ballard Company had a beginning credit balance in Allowance for Uncollectible Accounts of $2,300. Its accounts receivable balance at the end of the year was $500,000 and 3% of accounts receivable is estimated to be uncollectible. Prepare the journal entry to record bad debt expense under the balance sheet approach.

Reference no: EM132251611

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