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At year-end, chief company has a balance of $10,000 in accounts receivable, of which $9,000 is within 30 days and $1,000 is over 30 days. using the aging of accounts receivable method, chief estimates that 1% of accounts within 30 days and 10% of accounts over thirty days are uncollectible. chief has a credit balance of $100 in the allowance for doubtful accounts before any year-end adjustments. what is the amount of bad debt expense?
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At year-end, chief company has a balance of $10,000 in accounts receivable, of which $9,000 is withi...
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