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Question(s) / Instruction(s):

A company ages its accounts receivables to determine its end of period adjustment for bad debts. At the end of the current year, management estimated that $15,250 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $165. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?

A.            Bad Debt Expense           15,250   

Allowance for Doubtful Accounts                            15,250 

B.            Accounts Receivable      15,250   

Bad Debt Expense           165          

Sales                     15,415 

C.            Bad Debt Expense           15,415   

Allowance for Doubtful Accounts                            15,415 

D.            Bad Debt Expense           15,085   

Allowance for Doubtful Accounts                            15,085 

E.            Accounts Receivable      15,415   

Allowance for Doubtful Accounts                            15,415 

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