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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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