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If your firm estimates bad debt expense as 2% of credit sales, which are $286,000 for the year, and the Allowance for Doubtful Accounts has
If your firm estimates bad debt expense as 2% of credit sales, which are $286,000 for the year, and the Allowance for Doubtful Accounts has a debit balance of $2,860, how do you record bad debt expense?
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