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Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is...

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Accounting

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Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $270,000 and credt saies are 35,000,000. An aging of accounts recelvable shows that approximately 396 of the outstanding receivables will be uncollectbile. What adjusting entry will Tonning Company make if the Allowance for Doubtful Accounts has a credit balance of $1,600 before adjustment

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