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QUESTION 4 1 points 2020 Net credit sales Estimate of doubtful debts Allowance account credit balance Gross Accounts receivable $100,000 1% of net credit sales

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QUESTION 4 1 points 2020 Net credit sales Estimate of doubtful debts Allowance account credit balance Gross Accounts receivable $100,000 1% of net credit sales $1,800 before the estimate was made $40.000 Required: Prepare the adjusting entry to record bad debts expense for 2020 using the percentage of sales method

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