The Accounts Receivable balance is $120,000 at year-end and the total credit sales were $900,000. Management estimates that 4% of

The Accounts Receivable balance is $120,000 at year-end and the total credit sales were $900,000. Management estimates that 4% of receivables will be uncollectible. What adjusting entry will be recorded if the Allowance for Doubtful Accounts has a credit balance of $600 before adjustment

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