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Question(s) / Instruction(s):

Allowance for Doubtful Accounts has a credit balance of $500 at the end of the year (before adjustment), and uncollectible accounts expense is estimated at 3% of net sales.  If net sales are $600,000, the amount of the adjusting entry to record the provision for doubtful accounts is

a)            $17,500

b)            $18,000                  

c)            none of the above                                          

d)            $18,500                                 

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