Question: At December 31, 2017, the trial balance of Malone Company contained the following amounts before adjustment.
Debit Credit
Accounts Receivable $180,000
Allowance for Doubtful Accounts $1,500
Sales Revenue 875,000
Required: Prepare the adjusting entry at December 31, 2017, to record bad debt expense, assuming that the aging schedule indicates that $10,200 of accounts receivable will be uncollectible.
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