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Prepare the entry to record bad debt expense

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Problem - Marigold, Inc. had net sales in 2020 of $1,412,500. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $393,600 debit, and Allowance for Doubtful Accounts $1,922 debit. Assume that 10% of accounts receivable will prove to be uncollectible. Prepare the entry to record bad debt expense.

Reference no: EM132616373

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