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During 2 0 2 3 , Bell & Stowe, Inc. had credit sales that amounted to $ 1 , 2 0 0 , 0 0

During 2023, Bell & Stowe, Inc. had credit sales that amounted to $1,200,000. Based on prior experience, the company estimates that it will not collect 3% of the total credit sales. Prepare the following journal entries:
On April 10,2023, an accounts receivable balance for $4,800 from 2022 was determined to be uncollected and was written off.
On December 31,2023, the appropriate bad debt expense adjustment was recorded.

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