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Allowance for Doubtful Accounts has a debit balance of $551 at the end of the year before adjustment), and Bad Debt Expense is estimated at

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Allowance for Doubtful Accounts has a debit balance of $551 at the end of the year before adjustment), and Bad Debt Expense is estimated at 1% of sales. If net credit sales are $988,700, the amount of the adjusting entry to record the estimate of the uncollectible accounts is a. 59.882 b. 5551 c. 510438 d. $9,336

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