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elp@ritaj.ps Valli Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $700,000 and credit sales are

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elp@ritaj.ps Valli Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $700,000 and credit sales are $2.500.000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Valli Company make to record the bad debts expense ? Select one: a. DR: Bad Debt Expense, CR: Accounts Receivable FOR $32.000 b. DR: Bad Debt Expense, CR: Allowance for Doubtful Accounts FOR $25,000 @c. DR: Bad Debt Expense. CR: Accounts Receivable FOR $25.000 d.DR. Bad Debt Expense, CR: Allowance for Doubtful Accounts FOR $32.000 Glear my choice w

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