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Business, 06.05.2021 23:50 aylinkayla

Ayayai Corp. uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $200000 and credit sales are $2010000. Management estimates that 4% of accounts receivable will be uncollectible. What adjusting entry will Ayayai Corp. make if the Allowance for Doubtful Accounts has a credit balance of $2000 before adjustment

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