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at the beginning of the year abc corporation had a debit balance of 7 0 0 0 0 in accounts receivable and a credit balance
at the beginning of the year abc corporation had a debit balance of in accounts receivable and a credit balance of in allowance for doubtful accounts. ABC estimates that it will not be able to collect of sales. During the year, ABC had credit sales of and collected from customers. Record the journal entry for bad debts for the year
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