Bridgeport Corp, has outstanding accounts receivable totaling $2.97 million as of December 31 and sales on...

 

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Bridgeport Corp, has outstanding accounts receivable totaling $2.97 million as of December 31 and sales on credit during the year of $7.20 million. There is a debit balance of $6900 in the allowance for doubtful accounts. If the company estimates that 3% of its accounts receivable will be uncollectible, what will be the balance in allowance for doubtful accounts after the year-end adjustment to record bad debt expense? $89100. O $82200.. O $96000. O $88893. Bridgeport Corp, has outstanding accounts receivable totaling $2.97 million as of December 31 and sales on credit during the year of $7.20 million. There is a debit balance of $6900 in the allowance for doubtful accounts. If the company estimates that 3% of its accounts receivable will be uncollectible, what will be the balance in allowance for doubtful accounts after the year-end adjustment to record bad debt expense? $89100. O $82200.. O $96000. O $88893. Bridgeport Corp, has outstanding accounts receivable totaling $2.97 million as of December 31 and sales on credit during the year of $7.20 million. There is a debit balance of $6900 in the allowance for doubtful accounts. If the company estimates that 3% of its accounts receivable will be uncollectible, what will be the balance in allowance for doubtful accounts after the year-end adjustment to record bad debt expense? $89100. O $82200.. O $96000. O $88893. Bridgeport Corp, has outstanding accounts receivable totaling $2.97 million as of December 31 and sales on credit during the year of $7.20 million. There is a debit balance of $6900 in the allowance for doubtful accounts. If the company estimates that 3% of its accounts receivable will be uncollectible, what will be the balance in allowance for doubtful accounts after the year-end adjustment to record bad debt expense? $89100. O $82200.. O $96000. O $88893.

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