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and sales for the year total $3,034,000. Bad debt expense is estimated at 1/2 of 1% of net sales a. Determine the amount of the
and sales for the year total $3,034,000. Bad debt expense is estimated at 1/2 of 1% of net sales a. Determine the amount of the adjusting entry for bad debt expense. b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bed Debt Expense Adjusted Balance Accounts Receivable Allowance for Doubtful Accounts Bad Deb: Expense c. Determine the net realizable value of accounts rece vable
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