The Allowance for Doubtful Accounts account has a year-end credit balance, prior to adjustment, of $600. The bad debts are estimated at 4% of $650,000, the net credit sales. After the appropriate adjusting entry for bad debts, what will be the balance of the Allowance for Doubtful Accounts account?
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The Allowance for Doubtful Accounts account has a year-end credit balance, prior to adjustment, of $...
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