The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad

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answerhappygod
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The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad

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The unadjusted trial balance at year-end for a company that usesthe percent of receivables method to determine its bad debtsexpense reports the following selected amounts:
All sales are made on credit. Based on past experience, the companyestimates 4.0% of ending accounts receivable to be uncollectible.What adjusting entry should the company make at the end of thecurrent year to record its estimated bad debts expense?
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