Based on the aging of its accounts receivable at December 31, Quanto Company determined that...

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Accounting

Based on the aging of its accounts receivable at December 31, Quanto Company determined that the net realizable value of the receivables at that date is $760,000. Additional information is as follows ________.
Accounts Receivable at December 31 $880,000
Allowance for Doubtful Accounts at January 1128,000(cr)
Accounts written off as uncollectible during the year 88,000
Quantos bad debt expense for the year ended December 31 is ________.
$120,000
$80,000
$88,000
$160,000

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