At the end of the current year, Accounts Receivable has a balance of $325,000; Allowance for doubtful Accounts has a credit balance of $3,900; and net sales for the year total $4,500,000. Custom Essay

Percent of sales method At the end of the current year, Accounts Receivable has a balance of $325,000; Allowance for doubtful Accounts has a credit balance of $3,900; and net sales for the year total $4,500,000. Bad debt expense is estimated at 1% of net sales. Determine (a) the amount and the adjusting entry for uncollectible accounts?

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