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Danube Company estimates that 1% ofnet credit sales will become uncollectible. Sales are S500,000, sales returns and allowances are $30,000, and the allowance for doubtful

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Danube Company estimates that 1% ofnet credit sales will become uncollectible. Sales are S500,000, sales returns and allowances are $30,000, and the allowance for doubtful accounts has a $6,000 credit balance. journalize the adjusting entry for the end of the period: (2 marks) b)

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