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7 A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted

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7 A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable $ 377,088 debit Allowance for uncollectible accounts 528 credit Net Sales 820,000 credit All sales are made on credit. Based on post experience, the company estimates that 0.4% of net sales are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared? 05.08 Multiple Choice 5886 $1406

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