Allowance for doubtful accounts

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Reference no: EM131212833

On December 31 of the current year, a company's unadjusted trial balance included the following: Accounts Receivable, debit balance of $106,975; Allowance for Doubtful Accounts, credit balance of $1,046. What amount should be debited to Bad Debts Expense, assuming 7% of outstanding accounts receivable at the end of the current year will be uncollectible?

Reference no: EM131212833

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Allowance for doubtful accounts : On December 31 of the current year, a company's unadjusted trial balance included the following: Accounts Receivable, debit balance of $106,975; Allowance for Doubtful Accounts, credit balance of $1,046. What amount should be debited to Bad Debts Exp..

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