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Question 22 5 pts Mayco had $1,000,000 of sales on account and had $16,000 of sales returns during the year. They estimate that 1% of

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Question 22 5 pts Mayco had $1,000,000 of sales on account and had $16,000 of sales returns during the year. They estimate that 1% of their sales will not be collectible. Using the percentage of sales method, Mayco's adjusting entry would include a debit to Bad Debt Expense of $9,850 0 $9,840 O $9,500 O $10,000

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