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Well Company has determined that historically there has been a 4% relationship between actual bad debts and the year-end accounts receivable balance. Wells accounts at

Well Company has determined that historically there has been a 4% relationship between actual bad debts and the year-end accounts receivable balance. Wells accounts at the end of the year (prior to adjustment) as follows Account Receivable 400,000 Allowance for Double Accounts 5,000 ( credit balance ) What is the year-end adjusting entry :

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