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Ramsey company estimates that 1% of net credit sales will become uncollectible. Sales are $400,000 , sales returns and allowances are $10,000 and the allowance

Ramsey company estimates that 1% of net credit sales will become uncollectible. Sales are $400,000 , sales returns and allowances are $10,000 and the allowance for doubtful accounts has a $5,000 credit balance before adjustment.

a, what is the amount of bad debt expense for the period?

b. what will the balance in the Allowance for Doubtful Accounts be after the adjusting journal entry is made?

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