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QUESTION
allowance for doubtful debt accounts has a credit balanc of $12, 500 at the end of the year, before adjustments.
allowance for doubtful debt accounts has a credit balanc of $12, 500 at the end of the year, before adjustments. sales for the year amounted to $1,750,000, and sales returns and allowance amounted to $50000. if uncollectable accounts expense is estimated at 1% of net sales, the amount of the appropriate adjusting entry will be...........
