Question: Question 26 (1 point) ABC Corp had net sales in 20XX of $2,507,440. On December 31, 20XX, before adjusting entries, the balances in selected accounts

Question 26 (1 point) ABC Corp had net sales in 20XX of $2,507,440. On December 31, 20XX, before adjusting entries, the balances in selected accounts were as follows: Accounts Receivable, $381,520 DEBIT; Allowance for doubtful accounts, $3,300 DEBIT. The company has examined the aging of the accounts receivable and has determined the Allowance for Doubtful Accounts should have a CREDIT balance of $45,820 at year end. How much Bad Debts Expense will be recorded for the year? $47,892 $49.120 $50,348 $51,576 $52,804 Page 26 of 30 Next Page Previous Page

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