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At the end of the current year accounts receivable has a

Question - Percent of sales method

At the end of the current year, Accounts Receivable has a balance of $325,000; Allowance for doubtful Accounts has a credit balance of $3,900; and net sales for the year total $4,500,000. Bad debt expense is estimated at 1% of net sales.

Determine (a) the amount and the adjusting entry for uncollectible accounts?

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Accounting Basics: At the end of the current year accounts receivable has a

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