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ABC, Inc.'s unadjusted trial balance included Accounts Receivable $80,000 debit; Allowance for Doubtful Accounts $750...

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Accounting

ABC, Inc.'s unadjusted trial balance included Accounts Receivable $80,000 debit; Allowance for Doubtful Accounts $750 credit; and credit sales $400,000 credit.
ABC uses the aging of accounts receivable method and estimates that $8,000 of its receivables will be uncollectible. After the adjusting entry is made, ABC's
financial statements will report
(Check all that apply.)
Bad Debt Expense of $7,250 on the balance sheet
Bad Debt Expense of $7,250 on the income statement
Allowance for Doubtful Accounts of $7,250 on the balance sheet
Bad Debt Expense of $8,000 on the income statement
Allowance for Doubtful Accounts of $8,000 on the balance sheet
Allowance for Doubtful Accounts of $8,000 on the income statement
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