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Question 4 of 31 Sheridan Company uses the percentage of receivables method for...

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Accounting

Question 4 of 31
Sheridan Company uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is $594000 and credit sales are $2690000. Management estimates that 4% of accounts receivable will be uncollectible. What adjusting entry will Sheridan Company make to record bad debt expense if the Allowance for Doubtful Accounts has a $4900 credit balance before adjustment?
Bad Debt Expense
Accounts Receivable
Bad Debt Expense
Allowance for Doubtful Accounts
Bad Debt Expense
Allowance for Doubtful Accounts
Bad Debt Expense
Accounts Receivable
18860
18860
1860
18860
23760
23760
23760
23760
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