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Using the % of aging-of-accounts receivable to estimate uncollectible accounts, Valley Crest Landscape Maintenance estimates a target balance of $10,665 of its total accounts receivable
Using the % of aging-of-accounts receivable to estimate uncollectible accounts, Valley Crest Landscape Maintenance estimates a target balance of $10,665 of its total accounts receivable that will be uncollectible. Prior to adjustment, the Allowance for Uncollectible accounts has a credit balance of $3,000. When Valley Crest Landscape Maintenance records the journal entry to make this adjustment, what is the amount of the debit for bad debt expense?
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