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What the amount of the appropriate adjusting entry

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Question - Allowance for Doubtful Accounts has a credit balance of $10,000 at the end of the year, before adjustments. Sales for the year amounted to $1,500,000, and sales returns and allowances amounted to $50,000. If uncollectible accounts expense is estimated at 2% of net sales, what the amount of the appropriate adjusting entry?

Reference no: EM132940300

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