1. Prepare the adjustment to allowance for doubtful accounts based on the information below. The...
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Accounting
1. Prepare the adjustment to allowance for doubtful accounts based on the information below. The company's accountant estimates bad debt to be 3%
Accounts receivable debit 205,000
Allowance for doubtful accounts debit 2,500
Sales ( 405,000 cash sales) credit 1,685,000
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