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Prepare the december journal entry

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    Assignment ID: FG133135485

    Question – Sweet, Inc. had net sales in 2020 of $1,425,600. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $214,700 debit, and Allowance for Doubtful Accounts $4,120 credit. If Sweet estimates that 7% of its receivables will prove to be uncollectible. Prepare the December 31, 2020, journal entry to record bad debt expense.

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