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At the end of the current year, Accounts Receivable has a balance of $585,000; Allowance for Doubtful Accounts has a credit balance of $5,500; and

At the end of the current year, Accounts Receivable has a balance of $585,000; Allowance for Doubtful Accounts has a credit balance of $5,500; and sales for the year total $2,630,000. Bad debt expense is estimated at 3/4 of 1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. $fill in the blank 1 b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Adjusted Balance

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