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Business, 19.11.2019 01:31 Kelshonti15

Blue spruce corp. uses the percentage of receivables method for recording bad debts expense. the accounts receivable balance is $3 and credit sales are $301. management estimates that 4% of accounts receivable will be uncollectible. what adjusting entry will blue spruce corp. make if the allowance for doubtful accounts has a credit balance of $3000 before adjustment?

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