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12 December, 14:27

Mills Corporation's balance sheet included the following information: Accounts Receivable $510,000 Less: Allowance for Doubtful Accounts 66,000 Accounts Receivable, Net of Allowance $444,000 If the Allowance account had a credit balance of $28,000 immediately before the year-end adjustment for bad debts and no accounts were written-off or allowed for during the year, what was the amount of Bad Debt Expense recognized during the year

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  1. 12 December, 16:14
    0
    38,000

    Explanation:

    Account receivable = 510,000

    net allowance = 444,000

    66,000

    credit balance = - 28,000

    = 38,000
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