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QUESTION 1 2020 Not credit sales $100.000 Estimate of doubtful dobits 2% of not credit sales Allowance account credit balance $1,800 before the estimate was made Gross Accounts receivable $40,000 Required: Prepare the adjusting entry to record bad debts expense for 2020 using the percentage of sales method For the toolbar press ALT.FIO (PC) or ALT EN F10 (Mac BIUS Paragraph Arial 10pt I. > iii