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Question 27 of 30 When making the current period's adjusting entry under the percentage of sales method, the balance in Allowance for Bad Debts is

Question 27 of 30
When making the current period's adjusting entry under the percentage of sales method, the balance in Allowance for Bad Debts is
doubled.
ignored.
written off.
divided in half and this amount is used for the adjustment.
30% of the amount to be used for the adjustment.

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