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Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is...

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Accounting

Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $272,000 and credit sales are $1,000,000. An aging of accounts receivable shows that approximately 8% of the outstanding receivables will be uncollectible. What adjusting entry will Tanning Company make if Allowance for Doubtful Accounts has a credit balance of $2,800 before adjustment? O a. Bad Debt Expense O b. Bad Debt Expense Oc Allowance for Doubtful Accounts O d. Allowance for Doubtful Accounts Bad Debt Expense Allowance for Doubtful Accounts Bad Debt Expense Allowance for Doubtful Accounts 19,960 17,960 18,460 18,960 19,960 17,960 18,460 18,960
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anning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $272,000 and credit sales are $1,000,000. An ging of accounts receivable shows that approximately 8% of the outstanding receivables will be uncollectible. What adjusting entry will Tanning Company nake if Allowance for Doubtul Accounts has a credit balance of $2,800 before adjustment

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