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Allowance for Doubtful Accounts has a credit balance of $680 at the end of the year (before adjustment), and Bad Debt Expense is estimated at
Allowance for Doubtful Accounts has a credit balance of $680 at the end of the year (before adjustment), and Bad Debt Expense is estimated at 2% of net sales. If net sales are $551,353, the amount of the adjusting entry to record the provision for doubtful accounts is calculated as follows. Round your answer to a whole number.
Select the correct answer.
a.$680
b.$11,027
c.$11,707
d.$10,347
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