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  3. wilton, inc. had net sales in 2017 of $1,400,000.

Wilton, Inc. had net sales in 2017 of $1,400,000. At December 31, 2017, before adjusting...

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Accounting

Wilton, Inc. had net sales in 2017 of $1,400,000. At December 31, 2017, before adjusting entries, the balances in selected accounts were Accounts Receivable $250,000 debit, and Allowance for Doubtful Accounts $2,400 credit. If Wilton estimates that 8% of its receivables will prove to be uncollectible. Prepare the December 31, 2017, journal entry to record bad debt expense.

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