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Prepare the journal entry to record bad debt expense

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Reference no: EM132882019

Problem - McKinney & Co. estimates its uncollectible accounts as a percentage of credit sales. McKinney made credit sales of $1,500,000 in 2019. McKinney estimates 2.5% of its sales will be uncollectible. Prepare the journal entry to record bad debt expense for McKinney at the end of 2019.

Reference no: EM132882019

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