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Business, 06.09.2019 02:10 gujaratif932

Allowance for doubtful accounts has a debit balance of $2,500 at the end of the year (before adjustment), and bad debt expense is estimated at 4% of net credit sales. if net credit sales are $800,000, the amount of the adjusting entry to record the estimate of the uncollectible accounts is a. $29,500b. $34,500c. $32,000d. cannot be determined

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Allowance for doubtful accounts has a debit balance of $2,500 at the end of the year (before adjustm...
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