please no handwritten 3- The trial balance before adjustment of XYZ Company reports the...
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Accounting
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3- The trial balance before adjustment of XYZ Company reports the following balances: Dr Cr S100,000 Accounts receivable Allowance for doubtful accounts Sales (all on credit) Sales returns and allowances S 2,500 750,000 40,000 Instructions Pass the journal entries for estimated bad debts assuming that doubtful debts accounts are estimated to be (1) 6% of gross accounts receivable and (2) 1% of net sales
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