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Business, 01.11.2019 05:31 dedrick31

At the end of 2018, murray state lenders had a balance in its allowance for uncollectible accounts of $4,500 (debit) before any adjustment. the company estimated its future uncollectible accounts to be $12,000 using the percentage-of-receivables method. murray state's adjustment on december 31, 2018, to record its estimated uncollectible accounts included a: a. credit to allowance for uncollectible accounts of $12,000. b. debit to bad debt expense of $16,500. c. credit to allowance for uncollectible accounts of $16,500. d. debit to bad debt expense of $16,500; credit to allowance for uncollectible accounts of $16,500.

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