Business, 28.11.2019 21:31 dontcareanyonemo

Allowance for doubtful accounts has a debit balance of $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 $600,000, the amount of the adjusting entry to record the estimate of the uncollectible accounts is a. $24,500b. $23,500c. $24,000d. cannot be determined

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