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Business, 01.10.2019 05:30 lberries08

Wlc has outstanding accounts receivable totaling $6.5 million as of december 31 and sales on credit during the year of $24 million. there is also a credit balance of $12,000 in the allowance for doubtful accounts. if the company estimates that 8% of its outstanding receivables will be uncollectible, what will be the amount of bad debt expense recognized for the year? a. $ 532,000.b. $ 520,000.c. $1,920,000.d. $ 508,000.

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Wlc has outstanding accounts receivable totaling $6.5 million as of december 31 and sales on credit...

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