Allowance for doubtful accounts has a debit balance of 1200, Ask an Expert

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Allowance for Doubtful Accounts has a debit balance of $1,200 at the end of the year (before adjustment). The company prepares an analysis of customers' accounts and estimates the amount of uncollectible accounts to be $13,900. Which of the following adjusting entries is needed to record the Bad Debt Expense for the year?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M967320

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