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Upon completing an aging analysis of accounts receivable, the accountant for Rosco Works prepared an...

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Accounting

Upon completing an aging analysis of accounts receivable, the accountant for Rosco Works prepared an aging of accounts receivable and estimated that $5,400 of the $98,400 accounts receivable balance would be uncollectible. The allowance for doubtful accounts had a $440 debit balance at year-end prior to adjustment. What is the amount of bad debt expense?
Multiple Choice
$5,400.
$4,960.
$440.
$5,840.

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