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Determine the amount of the adjusting entry

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Question - Allowance for Doubtful Accounts has a debit balance of $900 at the end of the year, before adjustments. Sales for the year amounted to $900,000, sales discounts amounted to $35,000 and sales returns and allowances amounted to $45,000. If the uncollectible accounts expense is estimated at 2% of net sales, determine the amount of the adjusting entry to record the estimated losses from uncollectible accounts?

Reference no: EM133170503

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