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The Amount of Uncollectible Accounts at the End of the Year

question 82

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The amount of uncollectible accounts at the end of the year is estimated,using the aging of receivables method,to be $25,000.The balance in the Allowance for Doubtful Accounts account is an $8,000 credit before adjustment.Assuming no accounts are written off during the period,what will be the amount of bad debts expense for the period?


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Who's

The contraction of "who is" or "who has."

Lose

To be deprived of something or fail to win, such as losing an object, game, or opportunity.

Past

The past refers to the time period that has already happened, contrasting with the present and future.

Accept

To receive or agree to take something offered or to acknowledge the truth or validity of something.

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