Alpha Co. prepared an agin of its accounts receivables at December 31, 2017 and determined...
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Accounting
Alpha Co. prepared an agin of its accounts receivables at December 31, 2017 and determined that the net realizable value of the receivables was $500,000. Additional information is available as follows:
Allowance for uncollectible accounts 1/1/17-credit balance: $58,000
Accounts written off as uncollectible during 2017: $36,000
accoutns receivable at 12/31/17: $550,000
Uncollectible accounts recovered during 2017: $6,000
For the year ended December 31, 2017, what is Alpha's bad debt expense?
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