Journalize the adjusting entry on December 31, 2012, for Bad Debts Expense, which is estimated to be
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Sales Returns and Allowances Sales Accounts Receivable Dr. Cr. Dr. Cr. Dr. Cr. 29,000 106,000 510 Allowance for Doubtful Accounts Sales Discount Dr. Cr. 9,300 Dr. Cr. 5,100
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