On December 31,2022, Ace Hardware reported the following information on its balance sheet: During 2023,...

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Accounting

image On December 31,2022, Ace Hardware reported the following information on its balance sheet: During 2023, the Company had the following transactions related to receivables: If bad debts are estimated to be 1.50% of credit sales, determine the ending balance in the Allowance for Doubtful Accounts after adjustment, at the end of 2023 : Select one: a. $94,500 b. $58,500 c. $67,500 d. $76,500 e. $74,250

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