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Allowance for Doubtful Accounts has a debit balance of $289 at the end of the...

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Accounting

Allowance for Doubtful Accounts has a debit balance of $289 at the end of the year (before adjustment), and Bad Debt Expense is estimated at 3% of sales. If net credit sales are $884,500, the amount of the adjusting entry to record the estimate of the uncollectible accounts is

a.$26,246

b.$26,535

c.$26,824

d.$289

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