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At the end of the current year, Accounts Receivable has a balance of...

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Accounting

At the end of the current year, Accounts Receivable has a balance of $740,000; Allowance for Doubtful Accounts has a debit balance of $6,500; and sales for the year total $3,330,000. Bad debt expense is estimated at 1/4 of 1% of sales.
a. Determine the amount of the adjusting entry for uncollectible accounts.

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