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Allowance for Doubtful Accounts has a debit balance of $513 at the end of the year (before adjustment), and Bad Debt Expense is estimated at

Allowance for Doubtful Accounts has a debit balance of $513 at the end of the year (before adjustment), and Bad Debt Expense is estimated at 2% of sales. If net credit sales are $973,000, the amount of the adjusting entry to record the estimate of the uncollectible accounts is

a.$18,947

b.$513

c.$19,973

d.$19,460

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