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What adjusting entry will Harvard Publishing make

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Question - Harvard Publishing uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is $500,000 and credit sales are $1,300,000. History predicts that 3% of accounts receivable will be uncollectible. What adjusting entry will Harvard Publishing make to record bad debt expense if the Allowance for Doubtful Accounts has a $3,000 credit balance before adjustment?

Reference no: EM133113994

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