Question: Using the income statement approach, in the adjustment entry, what is the debit to the bad debt expense account given the following amounts? Bad debt

Using the income statement approach, in the adjustment entry, what is the debit to the bad debt expense account given the following amounts? Bad debt at a percentage of sales 2% Bad debt as a percentage of A/R 5% Sales 800,000 A/R 125,000 Balance of bad debt expense before adjustment (debit balance) 9,840

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