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Provide the adjusting entries related to bad debt expense

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Question - On December 31st 2020, Mercy Inc. had $200,000 of accounts receivables outstanding. Mercy estimates that 3% of all outstanding AR become uncollectible. The allowance for doubtful accounts on December 31ste 2020 prior to adjusting entries is $2000. Provide the adjusting entries related to bad debt expense on Dec 31st 2020 for Mercy Inc.

Reference no: EM132536551

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