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QUESTION 6 2020 Net credit sales $200,000 Estimate of doubtful debts 2% of net credit sales Allowance account credit balance $2,500 before the estimate was

QUESTION 6 2020 Net credit sales $200,000 Estimate of doubtful debts 2% of net credit sales Allowance account credit balance $2,500 before the estimate was made Gross Accounts receivable $60,000 Required: Prepare the adjusting entry to record bad debts expense for 2020 using the percentage of sales method For the toolbar, press ALT+F10 (PO) or ALT+FN+F10 (Mac). BI U S Paragraph Arial 10pt A I iii !!! > 45 a Q P

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