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Allowance for Doubtful Accounts has a debit balance of $369 at the end of the year (before adjustment), and Bad Debt Expense is estimated at
Allowance for Doubtful Accounts has a debit balance of $369 at the end of the year (before adjustment), and Bad Debt Expense is estimated at 2% of sales. If net sales are $965,000, the amount of the adjusting entry to record the estimate of the uncollectible accounts is
$19,669
$19,300
$369
$18,931
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