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Determine the amount of the adjusting entry

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Question - Percent of Sales Method - At the end of the current year, Accounts Receivable has a balance of $570,000; Allowance for Doubtful Accounts has a debit balance of $5,000; and sales for the year total $2,570,000. Bad de at 1/2 of 1% of sales.

a. Determine the amount of the adjusting entry for uncollectible accounts.

b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense.

Reference no: EM133055402

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