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4. The records of Quest Company included the following accounts (with normal balances). The company estimates bad debts as 2% of receivables at year-end to

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4. The records of Quest Company included the following accounts (with normal balances). The company estimates bad debts as 2% of receivables at year-end to be uncollectible. Prepare the adjusting entry at December 31 of the current year to adjust the allowance for doubtful accounts

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