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What the amount of the appropriate adjusting entry will be

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Problem 1: Allowance for Doubtful Accounts has a credit balance of $29000 at the end of the year, before adjustments. Sales for the year amounted to $1850000, and sales returns and allowances amounted to $89000. If uncollectible accounts expense is estimated at 3% of net sales, the amount of the appropriate adjusting entry will be (nearest whole dollar):

Reference no: EM132808398

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