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Business, 26.08.2020 23:01 taelor32

Bad Debts account has a credit balance of $8,000 before the adjusting entry for bad debts expense. After analyzing the accounts in the accounts receivable subsidiary ledger using the aging−of−receivables method, the company's management estimates that uncollectible accounts will be $14,300. What will be the balance of the Allowance for Bad Debts reported on the balance sheet?

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Bad Debts account has a credit balance of $8,000 before the adjusting entry for bad debts expense. A...
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