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On December 3 1 , before adjusting entries, Accounts Receivable had a debit balance of $ 1 0 0 , 0 0 0 , and

On December

31,

before adjusting entries, Accounts Receivable had a debit balance of $

100, 000,

and the Allowance for Doubtful Accounts had a credit balance of $

3, 000 .

Credit sales for the year were $

800, 000 .

If credit losses are estimated at

1 %

of credit sales, what is the journal entry required to correctly record the change to Allowance for Doubtful Accounts?

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