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Navigation 2 | 3 Finish attempt.. Question 1 Not complete Marked out of 2.00 P Flag question Accounting for Doubtful Accounts Randall Company estimates its bad debts expense by aging its accounts receivable and applying percentages to various age groups of the accounts. Randall calculated a total of $3,000 in possible credit losses as of December 31. Accounts Receivable has a balance of $128,000, and the Allowance for Doubtful Accounts has a credit balance of $500 before adjustment at December 31, What is the December 31 adjusting entry to provide for credit losses? General Journal Description . Debit Credit 0 0 What is the net amount of accounts receivable that should be included in current assets? 0 Check Type here to search O 9 $ W CENG 11:51 PM 1/15/2002) 300Hz