Question: Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $47500. If the balance of the Allowance for Doubtful Accounts is a

Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $47500. If the balance of the Allowance for Doubtful Accounts is a $5500debit before adjustment, what is the balance after adjustment?

A, $47500

B. $5500

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