Allowance for doubtful accounts has a debit balance of $2,500 at the end of the year (before adjustment), and bad debt expense is estimated at 4% of credit sales. if net credit sales are $800,000, the amount of the adjusting entry to record the estimate of the uncollectible accounts
a. cannot be determined
b.$34,500
c.$32,000
d.$29,500
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Allowance for doubtful accounts has a debit balance of $2,500 at the end of the year (before adjustm...
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