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Allowance for Doubtful Accounts has a credit balance of $607 at the end of the year (before adjustment), and bad debt expense is estimated at

Allowance for Doubtful Accounts has a credit balance of $607 at the end of the year (before adjustment), and bad debt expense is estimated at 1% of sales. If credit sales are $587,600, the amount of the adjusting entry to record the estimated uncollectible accounts receivable is a.$6,483 b.$607 c.$5,876 d.$5,269

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