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At the end of the current year, using the aging of receivable method, management estimated...

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Accounting

At the end of the current year, using the aging of receivable method, management estimated that $21,000 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $550. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense

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