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A company had a debit balance of 1700 in the allowance for

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A company had a debit balance of $1,700 in the Allowance for Doubtful Accounts account and a debit balance of $540,000 in the Accounts Receivable account prior to the year-end adjustment. Past experience suggests that 2% of receivables will be uncollectible. What amount should be in the adjusting entry for bad debts?

Reference no: EM13597702

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