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Under the income-statement approach (percent-of-sales approach), the entry to accrue bad-debt expense involves O A. a debit to bad-debt expense and a credit to accounts

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Under the income-statement approach (percent-of-sales approach), the entry to accrue bad-debt expense involves O A. a debit to bad-debt expense and a credit to accounts receivable O B. a debit to bad-debt expense and a credit to allowance for doubtful accounts O c. a debit to allowance for doubtful accounts and a credit to accounts receivable OD. a debit to allowance for doubtful accounts and a credit to bad-debt expense ay

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