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Allowance for Doubtful Accounts has a credit balance of $539 at the end of the year (before adjustment), and bad debt expense is estimated at
Allowance for Doubtful Accounts has a credit balance of $539 at the end of the year (before adjustment), and bad debt expense is estimated at 3% of sales. If sales are $556,800, the amount of the adjusting entry to record the estimated uncollectible accounts receivable is Select the correct answer. O $17,243 O $539 O $16,165 0 $16,704
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