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Brighton Company uses the allowance method to estimate losses from uncollectable accounts. Net sales for the year are $960,000 and the company estimates its bad

Brighton Company uses the allowance method to estimate losses from uncollectable accounts. Net sales for the year are $960,000 and the company estimates its bad debts as 1 percent of net sales. If there is already a $4,800 credit balance in allowance for bad debts, how much should be recorded as bad debt expense?

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