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Alderwood Company has provided the following information prior to any year-end bad debt adjustment: ...

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Accounting

Alderwood Company has provided the following information prior to any year-end bad debt adjustment:
Cash sales, $469,000
Credit sales, $1,407,000
Selling and administrative expenses, $387,000
Sales returns and allowances, $147,000
Gross profit, $1,527,000
Accounts receivable, $387,000
Sales discounts, $99,000
Allowance for doubtful accounts credit balance, $4,360
Alderwood prepares an aging of accounts recelvable and the result shows that 5% of accounts receivable is estimated to be uncollectible. How much is bad debt expense?
Multiple Choice
$23,710.
$19,350.
$14,772
$14,990.
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