The balance of the Allowance for Doubtful Accounts at the beginning of the period was...
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Accounting
The balance of the Allowance for Doubtful Accounts at the beginning of the period was $17,000. Uncollectible accounts of $8,000 were written off during the period Based on sales during the period, bad debt expense was estimated to be $12000. After recording appropriate journal entries, what is the correct adjusted balance of the Allowance for Doubtful Accounts? $21,000
$37,000
$13,000
$20,000
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