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A. EM Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $220,000 and credit sales are

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A. EM Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $220,000 and credit sales are $1,500,000. Management estimates that 2% is the sales percentage to use. What adjusting entry will EM Company make to record the bad debts expense

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