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Allowance for Doubtful Accounts has a credit balance of $1,225 at the end of the year before adjustment, and bad debt expense is estimated at
Allowance for Doubtful Accounts has a credit balance of $1,225 at the end of the year before adjustment, and bad debt expense is estimated at of 5% of credit sales. If credit sales are $650,000, the amount of the adjusting entry for the estimated uncollectible accounts receivable is |
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