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Business, 17.03.2020 02:58 shadowblade8203

Blossom, Inc. had net sales in 2017 of $1,504,300. At December 31, 2017, before adjusting entries, the balances in selected accounts were Accounts Receivable $263,900 debit, and Allowance for Doubtful Accounts $3,070 credit. If Blossom estimates that 7% of its receivables will prove to be uncollectible. Prepare the December 31, 2017, journal entry to record bad debt expense.

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Blossom, Inc. had net sales in 2017 of $1,504,300. At December 31, 2017, before adjusting entries, t...
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