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Allowance for Doubtful Accounts has a debit balance of $200 at the end of the year (before adjustment), and bad debt expense is estimated at

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Allowance for Doubtful Accounts has a debit balance of $200 at the end of the year (before adjustment), and bad debt expense is estimated at 1% of credit sales. If credit sales are $782,000, the amount of the adjusting entry for the estimate of the uncollectible accounts a. 1457,620 b. is 57,320 c. cannot be determaned with the information given d. 1s5200

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