Journal entry to record the bad debt expense

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A company had net sales in 20X4 of 3,500,000. At December 21, 20X4, before adjusting entries the balances in selected amounts were A/R 710,000 debit, ADA 5,200 credit. Management estimates 3% of net sales to be uncollectible. Prepare the December 31, 20X4 journal entry to record the bad debt expense.

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Reference no: EM131286916

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