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Mercy IncUses the Aging of Accounts Receivable Method for Estimating Uncollectible

Question 33

Multiple Choice

Mercy Inc.uses the Aging of Accounts Receivable method for estimating uncollectible accounts.The accounting records show the following information at the end of the year:
Mercy Inc.uses the Aging of Accounts Receivable method for estimating uncollectible accounts.The accounting records show the following information at the end of the year: If the unadjusted credit balance in the Allowance for Doubtful Accounts account before is $15,000,what would be the amount of the adjustment for bad debts? A) $64,000 B) $79,000 C) $45,000 D) $34,500
If the unadjusted credit balance in the Allowance for Doubtful Accounts account before is $15,000,what would be the amount of the adjustment for bad debts?


A) $64,000
B) $79,000
C) $45,000
D) $34,500

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