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On 1/1/17, the balance in the Allowance for Doubtful Accounts is $50,000. During the year...

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Accounting

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On 1/1/17, the balance in the Allowance for Doubtful Accounts is $50,000. During the year you write off several accounts totaling $40,000. Sales are $6 million for the year and the Accounts Receivable balance on 12/31/17 is $350,000. of sales. The ending balance in the Allowance for Doubtful accounts after the adjusting journal entry is: You estimate bad debt expense for the year to be 196 $110,000 O $70,000 O $60,000 O $45,000 O $35,000

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