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Gardiner Enterprises utilizes the percentage of accounts receivable method for estimating bad debt expense. If they have an A/R balance of $3,400,000 at year end

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Gardiner Enterprises utilizes the percentage of accounts receivable method for estimating bad debt expense. If they have an A/R balance of $3,400,000 at year end and a credit balance of $6,200 in their allowance for doubtful accounts, prepare the journal entry to estimate bad debt expense if they feel that 2% of A/R will be uncollectible

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