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A trial balance before adjustment included the following: Prepare year-end adjusting journal entries assuming...

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Accounting

A trial balance before adjustment included the following:
Prepare year-end adjusting journal entries assuming that the estimate of uncollectible accounts is determined by taking:
(1)6% of gross accounts receivable, (Credit account titles are automatically indented when the amount is entered. Do not indent manually.
List debit entry before credit entry.)
Account Titles and Explanation
Debit
Credit
(2)4% of gross accounts receivable (assuming a $680 debit allowance account balance).(Credit account titles are automatically indented
when the amount is entered. Do not indent manually. List debit entry before credit entry.)
Account Titles and Explanation
Debit
Credit
image

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