Using the percentage-of-sales method you estimate that, Accounting Basics

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Using the percentage-of-sales method you estimate that

Using the percentage-of-sales method, you estimate that total uncollectible accounts is $7,345. The Allowance for Doubtful Accounts prior to adjustment has a debit balance of $1,345. The Accounts Receivable balance is $55,909. The amount of the adjusting entry for Bad Debt Expense is?

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Accounting Basics: Using the percentage-of-sales method you estimate that

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