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Prepare december journal entry to record bad debt expense

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Question - Sarasota, Inc. had net sales in 2017 of $1,432,200. At December 31, 2017, before adjusting entries, the balances in selected accounts were Accounts Receivable $325,000 debit, and Allowance for Doubtful Accounts $3,000 credit. If Sarasota estimates that 8% of its receivables will prove to be uncollectible.

Prepare the December 31, 2017, journal entry to record bad debt expense.

Reference no: EM131679325

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