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On December 31 of the current year, a company's unadjusted trial balance included the following: Accounts Receivable, debit balance of $93,230; Allowance for Doubtful Accounts, credit balance of $1,305. What amount should be debited to Bad Debts Expense, assuming 5% of outstanding accounts receivable at the end of the current year are considered uncollectible?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9961489

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