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Question
an aging of a company's accounts receivable indicates that $4,000 are estimated to be uncollectible. if allowance for doubtful accounts has a $1,200 debit balance, the adjustment to record bad debts for the period will require a
a.debit to bad debts expense for $4,000
b.debit to allowance for doubtful accounts for $5,200
c.debit to bad debts expense for $5,200
d.credit to allowance for doubtful accounts for $4,000
Answer
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