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  3. prepare the journal entry to record bad debt expen

prepare the journal entry to record bad debt expense a) 5% accounts receivable b) 5%...

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Accounting

prepare the journal entry to record bad debt expense a) 5% accounts receivable b) 5% accounts recievable but allownace for doubtful account had a debit of 1390
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Current Attempt in Progress Carla Company reports the following financial information before adjustments. Dr. Cr. $148,800 $2,190 Accounts Receivable Allowance for Doubtful Accounts Sales Revenue (all on credit) Sales Returns and Allowances 810,900 52.940 Prepare the journal entry to record bad debt expense assuming Carla Company estimates bad debts at (a) 5% of accounts receivable and (b) 5% of accounts receivable but Allowance for Doubtful Accounts had a $1,390 debit balance. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) No. Account Titles and Explanation Debit Credit (a) (b) Save for Later Attempts: 0 of 1 used Submit

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