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Question 4 Basil Incorporated uses the Percentage of Credit Sales Method to record bad debt expense. Basil estimates that 1 . 5 % of credit

Question 4
Basil Incorporated uses the Percentage of Credit Sales Method to record bad debt expense. Basil estimates that 1.5% of
credit sales will be uncollectible. Prepare the journal entry for Basil if credit sales for September was $125,000.
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