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Use the following information for year-end adjusting entries: The balance of Accounts Receivable and Allowance for Doubtful Accounts at year-end are a debit balance of

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Use the following information for year-end adjusting entries: The balance of Accounts Receivable and Allowance for Doubtful Accounts at year-end are a debit balance of $126,000 and a credit balance $2, 900, respectively. It is estimated that bad debts will be 5% of accounts receivable

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