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Record the adjusting entry for clark bad debt expense

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Reference no: EM133145737

Question - Clark Company estimated the net accounts receivable as of December 31, 2016, to be $165,000, based on an aging schedule of accounts receivable. Clark has also provided the following information:

The gross accounts receivable balance on December 31, 2016 was $175,000.

Uncollectible accounts receivable written off during 2016 totaled $12,000.

The allowance for doubtful accounts balance on January 1, 2016 was $15,000.

Required - Record the adjusting entry for Clark's 2016 bad debt expense.

Reference no: EM133145737

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