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helo me solve(: At the end of the year, Blues, Inc. has a balance in Allowance for Doubtful Accounts of $2400 (debit) before any year-end

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At the end of the year, Blues, Inc. has a balance in Allowance for Doubtful Accounts of $2400 (debit) before any year-end adjustment. The balance of Accounts Receivable is $173,000. The company estimates that 7% of accounts receivable will not be collected over the next year. a. Record the journal entry to estimate the uncollectible accounts. b. Assume the same facts above except that there is a credit balance of 2,400 in Allowance for Doubtful Accounts? What amount of bad debt expense will Blues, Inc. record

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