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q45 At December 31, Broadway Financial had account balances...

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Accounting

q45

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At December 31, Broadway Financial had account balances in Accounts Receivable of $311.000 and in Allowance for Uncollectible Accounts of $970 (debit) before any adjustments. Broadway's analyst suggest that the allowance for uncollectible accounts should be 2% of accounts receivable Bad debt expense for the year should be: Multiple Choice $7190 $6,220 $6,450. $5,250

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