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Business, 02.03.2020 21:11 abelgutierrez370

Accounts receivable $ 436,000 Debit Allowance for Doubtful Accounts 1,260 Debit Net Sales 2,110,000 Credit All sales are made on credit. Based on past experience, the company estimates 2.0% of credit sales to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?

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Accounts receivable $ 436,000 Debit Allowance for Doubtful Accounts 1,260 Debit Net Sales 2,110,000...
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