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the allowance for bad debts account has a credit balance of $ 5 , 0 0 0 before the adjusting entry for bad debts expense.

the allowance for bad debts account has a credit balance of $5,000 before the adjusting entry for bad debts expense. The company's management estimates that 2% of net credit sales will be uncollectible for the year 2025. net credit sales for the year amounted to $280,000. what will be the balance of allowance for bad debts on the december 31st,2025 balance sheet?

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