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At the end of the current year, the unadjusted trial balance of Branco, Inc., Indicated...

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Accounting

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At the end of the current year, the unadjusted trial balance of Branco, Inc., Indicated $5,844,000 in Accounts Receivable, a credit balance of $8.900 In Allowance for Doubtful Accounts, and Sales Revenue (all on credit) of $160.410.000. Based on knowledge that the current economy is in distress, Branco Increased its bad debt rate estimate to 0.2 percent of credit sales. Required: 1. What amount of bad debt expense should be recorded for the current year? 2 What amount will be reported on the current year's balance sheet for accounts recelvable? Bad debt expense of current year Accounts receivable of current year

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