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Can I get help with this adjusting journal entry please 1. Based on prior experience, GBI estimates that approximately 2 % of the accounts receivable

Can I get help with this adjusting journal entry please

1. Based on prior experience, GBI estimates that approximately 2 % of the accounts receivable balance will become bad debt. GBI writes off bad debts as they occur and recognizes bad debt expense based on analyzing accounts receivable as an adjusting entry each month.

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