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  3. sheffield company reports the following financial

Sheffield Company reports the following financial information before adjustments. Prepare the journal entry to...

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Accounting

Sheffield Company reports the following financial information before adjustments.
Prepare the journal entry to record bad debt expense assuming Sheffield Company estimates bad debts at (a)4% of accounts
receivable and (b)4% of accounts receivable but Allowance for Doubtful Accounts had a $1,570 debit balance. (If no entry is required,
select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is
entered. Do not indent manually. List all debit entries before credit entries.)
No. Account Titles and Explanation
Debit
Credit
(a)
Bad Debt Expense
Allowance for Doubtful Accounts
(b) Bad Debt Expense
Allowance for Doubtful Accounts
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