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What is the amount to be entered for the adjusting entry

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Problem - A business has an ending balance in Accounts Receivable of $35,000; credit sales for the year of $300,000; and a credit balance in Allowance for Doubtful Accounts of $800. If the percentage of sales method is used and the percentage is estimated at 1% of credit sales, what is the amount to be entered for the adjusting entry?

Reference no: EM132723050

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