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Business, 12.08.2019 22:30 gabbystar517

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance for doubtful accounts, respectively. a. $30,500 and $525,000 b. $19,500 and $525,000 c. $30,500 and $25,000 d. $19,500 and $25,000

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