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Allowance for Doubtful Accounts has a credit balance of $1,107 at the end of the year (before adjustment), and an analysis of the receivables indicates uncollectible accounts of $11,603. Which of the following entries journalizes the proper adjustment for bad debt expense? O a. debit Allowance for Doubtful Accounts for $12,710; credit Bad Debt Expense for $12,710 b. debit Bad Debt Expense for $10,496; credit Allowance for Doubtful Accounts for $10,496 c. debit Bad Debt Expense for $12,710; credit Allowance for Doubtful Accounts for $12,710 O d. debit Allowance for Doubtful Accounts for $10,496; credit Bad Debt Expense for $10,496

Allowance for Doubtful Accounts has a credit balance of $1,107 at the end of the year (before adjustment), and an analysis of the receivables indicates uncollectible accounts of $11,603. Which of the following entries journalizes the proper adjustment for bad debt expense? a. debit Allowance for Doubtful Accounts for \$12,710; credit Bad Debt Expense for $12,710 b. debit Bad Debt Expense for $10,496; credit Allowance for Doubtful Accounts for $10,496 c. debit Bad Debt Expense for $12,710; credit Allowance for Doubtful Accounts for $12,710 d. debit Allowance for Doubtful Accounts for $10,496; credit Bad Debt Expense for $10,496

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