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My company uses the percent of sales method to calculate the allowance for uncollectible accounts and bad debt for our customers. I have $ 5

My company uses the percent of sales method to calculate the allowance for uncollectible accounts and bad debt for our customers. I have $500,000 in sales for 2023. My allowance account has a current balance of $250. My estimation for percent uncollectible is 10%. What is the my journal entry for recording the estimate for bad debt?

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