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

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 $ 5500 debit before adjustment what is the balance after adjustment?

$ 5500

$ 42000

$ 53000

$ 47500

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