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Kleen Kompany uses the percentage of receivables method for recording bad debts expense. The accounts receivable adjusted balance is $333494 and credit sales are $940031.

Kleen Kompany uses the percentage of receivables method for recording bad debts expense. The accounts receivable adjusted balance is $333494 and credit sales are $940031. An aging of accounts receivable shows that 1% will be uncollectible. What adjusting entry will Kleen Kompany make if the Allowance for Bad Debts has an unadjusted debit balance of $2668?

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