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Calculate the allowance for doubtful accounts using the percentage of sales method: Net Credit Sales $1,000,000 Estimate for Credit Losses 3% of Credit Sales Beginning

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Calculate the allowance for doubtful accounts using the percentage of sales method: Net Credit Sales $1,000,000 Estimate for Credit Losses 3\% of Credit Sales Beginning Allowance for Doubtful Accounts Beginning Balance $20,000 3,00060029,40030,000

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