Allowance for Doubtful Accounts has a credit balance of $463 at the end of the year (before adjustment), and bad debt expense is estimated at 2% of sales. If credit sales are $552,500, the amount of the

Allowance for Doubtful Accounts has a credit balance of $463 at the end of the year (before adjustment), and bad debt expense is

estimated at 2% of sales. If credit sales are $552,500, the amount of the adjusting entry to record the estimated uncollectible accounts
receivable is
a. $11,050
b. $10,587
c. $11,513
d. $463

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Allowance for Doubtful Accounts has a credit balance of $463 at the end of the year (before adjustment), and bad debt expense is estimated at 2% of sales. If credit sales are $5…

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