What is the amount of the adjustment to record this estimate

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Question: Rising Sun Enterprises, LLC uses the percentage of credit sales method for estimating bad debt. This year Rising Sun had total sales of $175,000 of which $78,500 were credit sales. Based on past collections Rising Sun estimates that 1.5% of credit sales will be uncollectible. What is the amount of the adjustment to record this estimate?

Reference no: EM133612233

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