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If, at year end, the balance in A/R is $525,000, of which 4% is estimated to be uncollectible, and the Allowance for Doubtful Accounts has
If, at year end, the balance in A/R is $525,000, of which 4% is estimated to be uncollectible, and the Allowance for Doubtful Accounts has a debit balance of $7,000, the journal entry to record bad debt expense is: (first line debit - second line credit)
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