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What the doubtful accounts expense is

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Reference no: EM132836923

Problem 1: The beginning balance of accounts receivable was ?499,950, net of allowance for doubtful accounts. The accounts receivable end of year is ?550,000 before allowance for doubtful accounts. The allowance for doubtful accounts is estimated at 1% of the accounts receivable. The doubtful accounts expense is?

a. ? 550
b. ? 5,050
c. ? 450
d. ? 5,500

Reference no: EM132836923

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