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Business, 07.04.2020 17:55 summerjoiner

Bramble Corp. has outstanding accounts receivable totaling $6.35million as of December 31 and sales on credit during the year of $26.6million. There is also a debit balance of $11500in the allowance for doubtful accounts. If the company estimates that 8% of its outstanding receivables will be uncollectible, what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense

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