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Jay Inc. estimates uncollectible accounts using the percentage-of-receivables method and expects that 6.2% of outstanding receivables...
Jay Inc. estimates uncollectible accounts using the percentage-of-receivables method and expects that 6.2% of outstanding receivables will be uncollectible for 2016. The balance in Accounts Receivable is $1,444,000, and the Allowance for Doubtful Accounts has a credit balance of $7,210 before adjustments at year-end. The Bad Debt Expense for 2016 will be: Select one: a. None of these b. $96,738 c. $89,528 d. $82,318
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