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Allowance for Bad Debts Account Assignment | Top Universities

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February 12th, 2020

The Allowance for Bad Debts account has a credit balance of $9,000 before the adjusting entry for bad debt expense.

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After analyzing the accounts in the accounts receivable subsidiary ledger using the aging method the company's management estimates that uncollectible accounts will be $15,000. What will be the balance of the Allowance for Bad Debts reported on the balance sheet? Get Accounting Homework Help Today.

 

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