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A companys year-end balance in accounts receivable is $2,400,000. The allowance for uncollectible accounts had...

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Accounting

A companys year-end balance in accounts receivable is $2,400,000. The allowance for uncollectible accounts had a beginning-of-year credit balance of $40,000. An aging of accounts receivable at the end of the year indicates a required allowance of $48,000. If bad debt expense for the year was $50,000, what was the amount of bad debts written off during the year?

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