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Business, 30.11.2019 00:31 liyaoron

At the end of a period, (before adjustment), allowance for doubtful accounts has a credit balance of $250. the net credit sales for the period total of $500,000. if the company estimates uncollectible accounts expense at 1% of net credit sales, the amount of bad debt expense to be recorded in an adjusting entry is $4,750. true or false?

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