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2020 Net credit sales $100,000 Estimate of doubtful debts 2% of net credit sales Allowance account credit balance $1,800 before the estimate was made Gross

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2020 Net credit sales $100,000 Estimate of doubtful debts 2% of net credit sales Allowance account credit balance $1,800 before the estimate was made Gross Accounts receivable $40,000 Required: Prepare the adjusting entry to record bad debts expense for 2020 using the percentage of sales method For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B IV & Paragraph Arial 10pt LI v iii !!! P Click Save and Submit to save and submit. Click Save All Answers to save all answers

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