Journalize the adjusting entry on December 31, 2012, for Bad Debts Expense, which is estimated to be

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Journalize the adjusting entry on December 31, 2012, for Bad Debts Expense, which is estimated to be 2% of net sales. The income statement approach is used. The following information isgiven:
Journalize the adjusting entry on December 31, 2012, for Bad
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