Question: Using the allowance method, the uncollectible accounts for the year is estimated to be $40,000. If the balance for the Allowance for Doubtful Accounts is

Using the allowance method, the uncollectible accounts for the year is estimated to be $40,000. If the balance for the Allowance for Doubtful Accounts is a $22,000 debit before adjustment, what is the amount of bad debt expense for the period? $62,000 $40,000 $18.000 $22,000

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