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What is the amount of the credit in the journal entry

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Question - The allowance for doubtful accounts account has a year-end credit balance, prior to adjustment, of $1,500. The bad debts are estimated at 5 percent of outstanding accounts receivable. At year-end, the accounts receivable balance is $180,000.

What is the amount of the credit in the journal entry that needs to be made to adjust the allowance for doubtful accounts?

Reference no: EM132195323

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