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Business, 17.03.2020 23:22 zavadskipaulo1oyt4og

Juan, Inc. had the following balances in accounts for the year ending December 31st: Accounts receivable: $3,480,000 (Dr.) Allowance for Doubtful Accounts: $22,000 (Cr.) Net credit sales: $5,500,000 (Cr.) Juan, Inc. estimates bad debt expense as 2% of Accounts Receivable for the year. After recording adjusting journal entries, what is the December 31st balance in Allowance for Doubtful Accounts, after the AJE?

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