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E8.4 Uncollectible accounts are expected to...

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Accounting

E8.4 image
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Uncollectible accounts are expected to be 8% of the ending balance in accounts receivable. Instructions a. Prepare the entries to record sales and collections during the period. b. Prepare the entry to record the write-off of uncollectible accounts during the period. c. Prepare the entries to record the recovery of the uncollectible account during the period. d. Determine the ending balance in Accounts Receivable and the unadjusted balance in Allowance for Doubtful Accounts. e. Prepare the entry to record bad debt expense for the period. f. Determine the ending (adjusted) balance in Allowance for Doubtful Accounts

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