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Use the above data set. Assume that the company estimates its annual bad debt expense at 2% of total sales. Compute the Bad Debt Expense

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Use the above data set. Assume that the company estimates its annual bad debt expense at 2% of total sales. Compute the Bad Debt Expense and provide the journal entry to show its recognition. Provide the journal entry showing the write-off of bad debts. Show the balance sheet presentation of net accounts receivable

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