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6) The Allowance for Bad Debts account has a credit balance of $2,000 before the adjusting bad debts expense. The company's management estimates that 2%

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6) The Allowance for Bad Debts account has a credit balance of $2,000 before the adjusting 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 amounted to $270,000. What will be the balance of Allowance for Bad Debts on the December 31,2017 balance sheet? entry for

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