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Your company uses the income statement approach for estimating bad debt. For the year ending December 3 1 , 2 0 1 8 , credit

Your company uses the income statement approach for estimating bad debt. For the year ending December 31,2018, credit sales amounted to $920,000. The estimated bad debt is 0.6% of credit sales. Prepare the journal entry to record bad debt expense for the year.

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