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help asap Monty Corp. has a credit balance of $3,090 in Allowance for Doubtful Accounts before adjustment. The total estimated uncoliectibles under the percentage-of-receivables basis

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Monty Corp. has a credit balance of $3,090 in Allowance for Doubtful Accounts before adjustment. The total estimated uncoliectibles under the percentage-of-receivables basis is $6,020. Prepare the adjusting entry to record bad debt expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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