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Charmed, Inc. had credit sales for the period of $142,000. The balance in Allowance for Doubtful Accounts is a debt of $653. If Charmed ages

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Charmed, Inc. had credit sales for the period of $142,000. The balance in Allowance for Doubtful Accounts is a debt of $653. If Charmed ages Accounts Receivable and determines estimated uncollectible accounts to be $2, 840, what is the required journal entry to record estimated accounts? Debit Bad Debt Expense, $2, 840; credit Allowance for Uncollectible Accounts, $2, 840. No entry is required. Debit Bad Debt Expense, $3, 493; credit Allowance for Uncollectible Accounts, $3, 493. Debit Bad Debt Expense, $2, 187 credit Allowance for uncollectible Accounts $2, 187

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