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At year end, Accounts Receivable had a balance of $800,000 and it is estimated that 4% of accounts receivable will be uncollectible. The Allowance for

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At year end, Accounts Receivable had a balance of $800,000 and it is estimated that 4% of accounts receivable will be uncollectible. The Allowance for Bad Debts account has a credit balance of $9000 and the company use the percent-of-receivables method to record bad debts expense. An adjusting entry needs to credit Allowance for Bad Debts for

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