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Jalo company uses the percentage of sales methods for recording bad debt expenses. Credit sales are 2150000. The account receivable is 875000. Management estimated that

Jalo company uses the percentage of sales methods for recording bad debt expenses. Credit sales are 2150000. The account receivable is 875000. Management estimated that 5% of credit sales will be uncollectible. The allowance for doubtful account has a credit balance of 5500 before adjustment.
Prepare the adjustment entry to record bad debt expenses

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