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YETI main client XY uses allowance method to evaluate its accounts receivable. XY has net credit sales of $68,000 and estimates that bad debts are
YETI main client XY uses allowance method to evaluate its accounts receivable. XY has net credit sales of $68,000 and estimates that bad debts are approximately 2% of net credit sales. The year-end balance in accounts receivable is $150,000. Allowance balance currently CR $800. The journal entry to record the bad debt expense would include
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