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At the end of the current year, Accounts Recenvable has a...

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Accounting

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At the end of the current year, Accounts Recenvable has a balance of $835,000; Allowance for Doutud Accounts has a credit balanice of $7,500; and sales for the vear tatal \$3,760,000. Ead debt ewense is estimated at 1/4 of 1% of sales. a. Determine the amount of the adjusting entry for uncollecoble accounts. b. Determine the adjusted balances of Accounts Recenvable, Allawance for Doubtul Accounts, and Bad Debe Expense

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