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At the end of a period (before adjustment), Allowance for Doubtful Accounts has a debit balance of $2,000. The Accounts Receivable balance is analyzed by aging the accounts, and the amount estimated to be uncollectible is $15,000. The amount to be recorded in the adjusting entry for the bad debt expense is $15,000.
Percent
A mathematical term representing a part of a whole divided by 100, used to describe proportions, ratios, or comparisons.
Socially Disadvantaged
Referring to individuals or groups who experience unequal treatment or have less social power and access to resources due to their background or characteristics.
Inherently Characteristics
Traits or attributes that are naturally part of something or someone, intrinsically tied to their essence or constitution.
Minority Relations
The dynamics, interactions, and relationships between the societal majority and minority groups.
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