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Assume Waldorf uses the percentage-of-receivables (aging)method. The following is gathered from the accounts receivablesubsidiary ledger: Percentage Amount Uncollectible Current $ 66,0002% 30-60 days 37,000 8 60-90 days 18,000 20 > 90 days 9,000 35$130,000 What is the amount of bad debt expense for 2014?______________ What is the balance of the allowance for doubtfulaccounts at 12/31/14? __________

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