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Business, 27.03.2020 02:58 km8115

Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $114,500, allowance for doubtful accounts of $765 (credit) and sales of $975,000. If uncollectible accounts are estimated to be 0.5% of sales, what is the amount of the bad debts expense adjusting entry?

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