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Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $51000. If...

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Accounting

Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $51000. If the balance of the Allowance for Doubtful Accounts is an $10200 debit before adjustment, what is the balance after adjustment?

$10200

$51000

$61200

$40800

Answer & Explanation Solved by verified expert
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