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  3. a allowance for bad debts has a credit balance of

a Allowance for Bad Debts has a credit balance of $3526 (before adjustment), and bad...

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Accounting

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a Allowance for Bad Debts has a credit balance of $3526 (before adjustment), and bad debt expense is estimated at 4% of net sales. If net sales are $698277, the amount of the adjusting entry to record the allowance for bad debts is

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