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Question - Kill Corporation's unadjusted trial balance includes the following balances (assume normal balances):
Accounts Receivable $850,000
Allowance for Doubtful Accounts 15,000
Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debt expense will the company record?
a. $51,000
b. $15,000
c. $50,100
d. $36,000
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