Question: Prior to the adjusting entry for bad debt expense, A Company's balances for accounts receivable and allowances for doubtful accounts were $720,000 (debit) and $2,200

Prior to the adjusting entry for bad debt expense, A Company's balances for accounts receivable and allowances for doubtful accounts were $720,000 (debit) and $2,200 (debit), respectively. After the bad debt expense entry was posted, the net realizable value of accounts receivable was $653,000. Bad debt expense for the year was ________.

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