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Allowance for Doubtful Accounts has a debit balance of $249 at the end of the year (before adjustment), and Bad Debt Expense is estimated at
Allowance for Doubtful Accounts has a debit balance of $249 at the end of the year (before adjustment), and Bad Debt Expense is estimated at 3% of sales. If net sales are $932,000, the amount of the adjusting entry to record the estimate of the uncollectible accounts is $27,711 O $27,960 O$28,209 $249
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