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ABC Company estimated its bad debts equal to 2.5% of its $850,000 credit sales for the year 2019. On December 31, 2019 ABC Company made

ABC Company estimated its bad debts equal to 2.5% of its $850,000 credit sales for the year 2019. On December 31, 2019 ABC Company made an adjustment for the 2.5% amount. On July 1, 2020 the managemen...

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