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Assume another company estimates bad debt to be 5.2% of A/R. If A/R = 45,000 and the allowance for bad debt has a debit balance

Assume another company estimates bad debt to be 5.2% of A/R. If A/R = 45,000 and the allowance for bad debt has a debit balance of 1,340, what is Net A/R?

Using information from the previous question, what would be the journal entry to recognize bad debts expense? Indicate debits with "dr." and credits with "cr."

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