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Tuesday Morning uses the percent of sales method to determine its bad debts expense. All of Tuesday Mornings sales are made on credit. Based on

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Tuesday Morning uses the percent of sales method to determine its bad debts expense. All of Tuesday Mornings sales are made on credit. Based on previous years, Tuesday Morning estimates 20% of credit sales to be uncollectible. Tuesday Morning reports the following selected amounts on the year-end unadjusted trial balance report Accounts receivable $ 442,000 Debit Allowance for Doubtful Accounts 1.320 Debit Net Sales 2,170,000 Credit What would be the appropriate adjusting journal entry for Tuesday Morning to make at the end of the current year to record its estimated bad debts expense? Multiple Choice Debit Bad Debts Experts $43,400. credit Allowance for Doubtful Accounts 542.400

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