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Using the aging-of-accounts-receivable method to estimate uncollectible receivab...
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Using the aging-of-accounts-receivable method to estimate uncollectible receivables, CMU Corporation estimates that $3,750 of its accounts receivable will be uncollectible. Prior to adjustment, the Allowance for Doubtful Accounts has a credit balance of $600. Bad debt expense to be reported on the income statement is:
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