A firm reported sales of $450,000 for the year. Prior to adjustment, Allowance for Doubtful Accounts has a debit balance of $280. Based on an aging of accounts receivable, the firm estimated its losses from uncollectible accounts to be $3,980. The entry to record the estimated bad debt losses will be:

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The Answer of A firm reported sales of $450,000 for the year. Prior to adjustment, Allowance for Doubtful Accounts has a debit balance of $280. Based on an aging of accounts receivable, the firm estimated its losses from uncollectible accounts to be $3,980. The entry to record the estimated bad debt losses will be:

A Firm Reported Sales of $450,000 for the Year