Nichols Company uses the percentage of receivables method for recording bad debts expense.The accounts receivable balance is $250,000 and credit sales are $1,000,000.Management estimates that 4% of accounts receivable will be uncollectible.What adjusting entry will Nichols Company make if the Allowance for Doubtful Accounts has a credit balance of $2,500 before adjustment? 
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Kelley Blue Book
A vehicle valuation and automotive research company known for providing data regarding the pricing and value of new and used vehicles.
Advertising Message
The core idea or theme conveyed in an advertising campaign to persuade or inform potential consumers about a product or service.
Independent Variable
A factor or condition that is manipulated in an experiment to determine its effect on a dependent variable.
Dependent Variable
In an experiment or study, it's the variable being tested and measured, which is expected to be influenced by another variable (the independent variable).
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