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Determine amount of the appropriate adjusting entry will be

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Problem 1: Allowance for Doubtful Accounts has a credit balance of $24000 at the end of the year, before adjustments. Sales for the year amounted to $1130000, and sales returns and allowances amounted to $137000. If uncollectible accounts expense is estimated at 1% of net sales, the amount of the appropriate adjusting entry will be

Reference no: EM132809385

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