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A company uses the allowance method to account for uncollectible A / R . At year - end, December 3 1 , it was estimated

A company uses the allowance method to account for uncollectible A/R. At year-end, December 31, it was estimated that 0.6% of net credit sales were uncollectible. Net sales were $1,000,000, of which 3/4 were on credit. What is the correct amount of the adjusting entry to estimate bad debts?

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