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allowance for doubtful accounts has a credit balance of $500 at the end of the year (before adjustment), and uncollectible accounts expense is estimated at
allowance for doubtful accounts has a credit balance of $500 at the end of the year (before adjustment), and uncollectible accounts expense is estimated at 3% of net sales. If net sales are $600,000, the amount of the adjusting entry to record the provision for doubtful accounts
a. 18,500 b. 17,500 c. 18,000 d. none of the above
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