Business, 04.04.2020 03:48 bernardhenderso4459

A company ages its accounts receivables to determine its end of period adjustment for bad debts. At the end of the current year, management estimated that $28,750 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a credit balance of $505. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?

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A company ages its accounts receivables to determine its end of period adjustment for bad debts. At...