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Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $55,000. If the...

Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $55,000. If the balance of Allowance for Doubtful Accounts is $11,000 debit before adjustment, what is the balance after adjustment?

A) $55,000

B) $11,000

C) $66,000

D) $44,000

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ekkarill92 answered 3 years ago
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