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Oriole Company unadjusted trial balance includes the following balances (assume normal balances): Accounts Receivable 2$ 1150000 Allowances for Doubtful Accounts $ 22700 Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debt expense will the company record? O $68878 O $45022 O $ 46300 O $69000

Oriole Company unadjusted trial balance includes the following balances (assume normal balances): Accounts Receivable 2$ 1150000 Allowances for Doubtful Accounts $ 22700 Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debt expense will the company record? O $68878 O $45022 O $ 46300 O $69000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Oriole Company unadjusted trial balance includes the following balances (assume normal balances): Accounts Receivable $ 1150000 Allowances for Doubtful Accounts $ 22700 Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debt expense will the company record? O $68878 O $45022 O $ 46300 O $69000
Transcribed Image Text:Oriole Company unadjusted trial balance includes the following balances (assume normal balances): Accounts Receivable $ 1150000 Allowances for Doubtful Accounts $ 22700 Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debt expense will the company record? O $68878 O $45022 O $ 46300 O $69000
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