Accounts receivable has a balance of $750,000 and the Allowance for doubtful Accounts has a...
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Accounting
Accounts receivable has a balance of $750,000 and the Allowance for doubtful Accounts has a debit balance of 600 at the end of the current year prior to adjustment. Net credit sales for the current year are $850,000 and a 4.5% of net credit sales estimated to be uncollectible. The adjusting entry using the percentage of sales method would require a credit to:
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