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At the end of the current year, Accounts Receivable has a balance of 8819,000 Allowance for Doubtful Accounts has a credit balance of $19.000; and
At the end of the current year, Accounts Receivable has a balance of 8819,000 Allowance for Doubtful Accounts has a credit balance of $19.000; and sales for the year total 87,200,000. Bad debt expense is estimated at 1% of net sales Determine (a) the adjusting journal entry for bad debt expense, (b) the adjusted balance of Allowance for Doubtful Accounts, and (c) the net realizable value of accounts receivable
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