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Mazarina starts the year with a $5,000 allowance for doubtful debts (debit balance). During the...

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Accounting

Mazarina starts the year with a $5,000 allowance for doubtful debts (debit balance). During the year, Mazarina has $450,000 of receivables and estimates that 2% will be uncollectible given past business experience.Assuming Mazarina utilises the percentage of receivables approach, calculate bad debt expense.Group of answer choicesNone of the other alternatives$14,000$4,000$9,000

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