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Business, 29.10.2020 16:30 antcobra

Stellar, Inc. had net sales in 2020 of $1,508,000. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $393,100 debit, and Allowance for Doubtful Accounts $3,490 credit. If Stellar estimates that 8% of its receivables will prove to be uncollectible. Required:
Prepare the December 31, 2020, journal entry to record bad debt expense.

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Stellar, Inc. had net sales in 2020 of $1,508,000. At December 31, 2020, before adjusting entries, t...

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