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Allowance For Doubtful Accounts Has A Credit Balance Of $1,400

Submitted by • October 9, 2018

Allowance for Doubtful Accounts has a credit balance of $1,400 at the end of the year (before adjustment). The company prepares an analysis of customers' accounts to estimate the amount of uncollectible accounts of $17,900. Which of the following adjusting entries would be made to record the Bad Debt Expense for the year? d. debit allowance for doubtful Accounts, $16,500; credit Bad Debt Expense, $16,500

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Voted by Simon Brooke

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