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A company reported net credit sales of $320,000 for the current year. The unadjusted credit balance in its Allowance for Doubtful Accounts is $550. The

A company reported net credit sales of $320,000 for the current year. The unadjusted credit balance in its Allowance for Doubtful Accounts is $550. The company has experienced bad debt losses of 3% of credit sales in prior periods. Using the percentage of credit sales method, what amount should the company record as an estimate of Bad Debt Expense

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