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Please solve this problem Waterway Industries has been in business several years. At the end of the current year, the unadjusted trial balance shows: Bad

Please solve this problem

Waterway Industries has been in business several years. At the end of the current year, the unadjusted trial balance shows: Bad debts are estimated to be 7% of receivables. Prepare the entry to adjust Allowance for Doubtful Accounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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