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Net sales for the month are $800,000 and bad debts are expected to be 1.5% of net sales. The company uses the percentage of sales

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Net sales for the month are $800,000 and bad debts are expected to be 1.5% of net sales. The company uses the percentage of sales method in estimated bad debt expense. If the Allowance for Doubtful Accounts has a debit balance of $3,750 before adjustment, what is the balance after adjustment? 512,000 credit $15.750 debit 58.250 credit None of the above

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