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Business, 05.07.2021 19:50 betzaidasalgado0103

On December 31, the company estimates future sales refunds to be $900. As of that date, the company has an unadjusted debit balance in Accounts Receivable of $25,000 and an unadjusted credit balance of $300 in Sales Refunds Payable. Requried:
Write down the necessary adjusting entry.

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