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Borke Company has a credit balance of $3, 500 in Allowance for Doubtful Accounts. The estimated bad debt expense under the percentage-of-sales basis is $4,

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Borke Company has a credit balance of $3, 500 in Allowance for Doubtful Accounts. The estimated bad debt expense under the percentage-of-sales basis is $4, 150. The total estimated uncollectibles under the percentage-of-receivables basis is $6, 160. Prepare the adjusting entry under each basis

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