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joyco uses the allowance method of accounting for bad debits their allowance for doubtful accounts has a year and credit balance prayer to adjustment of

joyco uses the allowance method of accounting for bad debits their allowance for doubtful accounts has a year and credit balance prayer to adjustment of dollar 700 the bad debits are estimated at 3% of$700,000 the net credit sales.. prepare the year and adjusting journal entry for bad debit expense

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