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Find the amount of the adjusting entry

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Question - Allowance for Doubtful Accounts has a debit balance of $513 at the end of the year (before adjustment), and Bad Debt Expense is estimated at 2% of sales. If net credit sales are $973,000, find the amount of the adjusting entry to record the estimate of the uncollectible accounts?

a. $18,947

b. $513

c. $19,973

d. $19,460

Reference no: EM132600061

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