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Exam Swed Help Save & Emit Craigmont uses the allowance method to account for uncollectible accounts. Its year end unadjusted trial balance shows Accounts Receivable

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Exam Swed Help Save & Emit Craigmont uses the allowance method to account for uncollectible accounts. Its year end unadjusted trial balance shows Accounts Receivable of $120,500 allowance for doubtful accounts of $825 (credit) and sales of $1.005.000. If uncollectible accounts are estimated to be 7% of accounts receivable, what is the amount of the bad debts expense adjusting entry? Multiple Choice $9260 $8.435 52610

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