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Business, 05.08.2019 18:20 emaleyhughes21

Tanning company analyzes its receivables to estimate bad debt expense. the accounts receivable balance is $390,000 and credit sales are $1,300,000. an aging of accounts receivable shows that approximately 5% of the outstanding receivables will be uncollectible. what adjusting entry will tanning company make if allowance for doubtful accounts has a credit balance of $2,500 before adjustment?

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