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Sunland Company uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is $597000 and credit sales are $2740000. Management estimates that 3% of accounts receivable will be uncollectible. What adjusting entry will Sunland Company make to record bad debt expense if the Allowance for Doubtful Accounts has a $5400 credit balance before adjustment
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Sunland Company uses the percentage of receivables method for recording bad debt expense. The accoun...
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