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Find amount of the appropriate adjusting entry will be

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Problem 1: Allowance for a doubtful account has a credit balance of $21000 at the end of the year, before adjustment. Sales for the year amounted to $1,760,000, and sales returns and allowances amounted to $88,000. If uncollectible accounts expense is estimated at 2% of net sales, the amount of the appropriate adjusting entry will be

Reference no: EM132808413

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