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Business, 26.03.2020 20:24 arringtonlamar

Accounts receivable $ 443,000 Debit Allowance for Doubtful Accounts 1,330 Debit Net Sales 2,180,000 Credit All sales are made on credit. Based on past experience, the company estimates 3.5% of ending account receivable 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 $ 443,000 Debit Allowance for Doubtful Accounts 1,330 Debit Net Sales 2,180,000...

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