Question: Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $62000. If the balance of the Allowance for Doubtful Accounts is an

Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible

Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $62000. If the balance of the Allowance for Doubtful Accounts is an $12400 debit before adjustment, what is the balance after adjustment? $49600 O $74400 $62000 $12400

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