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Required: 1. Make Journal entry to estimate Bad Debts assuming allowance for bad debts based on; a. 4% of the Gross Accounts Receivable (Gross Accounts

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Required: 1. Make Journal entry to estimate Bad Debts assuming allowance for bad debts based on; a. 4% of the Gross Accounts Receivable (Gross Accounts Receivables). Y b. 5% of the Accounts Receivable (Gross Accounts Receivables) and a balance of $3,400 in the account: Provision for Bad Accounts Allowances for Uncollectible

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