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19) The Allowance for Bad Debts account h for bad debts expense. The company's management estimates that 2% of net credit sales will be uncollectible

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19) The Allowance for Bad Debts account h for bad debts expense. The company's management estimates that 2% of net credit sales will be uncollectible for the year 2017. Net credit sales for the year were $250,000. Prepare the journal entry to record the bad debts expense on December 31, 2017. (3 points) as a credit balance of $2,000 before the adjusting entry

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