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Business, 18.11.2019 19:31 luiscer5819

Acompany uses the percent of sales method to determine its bad debts expense. at the end of the current year, the company's unadjusted trial balance reported the following selected amounts: accounts receivable $ 354,000 debit allowance for uncollectible accounts 610 debit net sales 799,000 credit all sales are made on credit. based on past experience, the company estimates 0.3% of net credit sales to be uncollectible. what adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?

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