Answer:
$13,000
Explanation:
Given the above information, the adjusting entry to record estimated bad debt expense includes
= Credit sales × Estimated bad debt expense of credit sales
Given that
Credit sales = $650,000
Estimated bad debt of credit sales = 2%
= $650,000 × 2%
= $13,000
Therefore, the adjusting entry to record estimated bad debt expense includes $13,000