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Allowance for Doubtful Accounts has a debit balance of $595 at the end of the year before adjustment), and Bad Debt Expense is estimated at
Allowance for Doubtful Accounts has a debit balance of $595 at the end of the year before adjustment), and Bad Debt Expense is estimated at 2% of sales. If net credit sales are $884,800, the amount of the adjusting entry to record the estimate of the uncollectible accounts is a. $595 b. $17,696 c. $18,291 d. $17,101
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