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Allowance for Doubtful Accounts has a debit balance of $242 at the end of the year (before adjustment), and Bad Debt Expense is estimated at
Allowance for Doubtful Accounts has a debit balance of $242 at the end of the year (before adjustment), and Bad Debt Expense is estimated at 3% of credit sales. If credit sales are $892,100, the amount of the adjusting entry for uncollectible accounts is a $26,521 O b. $27,005 O c. cannot determine without more information O d. $26,763
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