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Allowance for Doubtful Accounts has a debit balance of $295 at the end of the year (before adjustment), and Bad Debt Expense is estimated at

Allowance for Doubtful Accounts has a debit balance of $295 at the end of the year (before adjustment), and Bad Debt Expense is estimated at 4% of sales. If net sales are $962,800, the amount of the adjusting entry to record the estimate of the uncollectible accounts is

-$38,512

-$295

-$38,807

-$38,217

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