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Accounting

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eBook Show Me How Calculator Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $984,000 and sales for the year total $11,150,000 The allowance account before adjustment has a debit balance of $13,300. Bad debt expense is estimated at 1/4 of 1% of sales b. The allowance account before adjustment has a debit balance of $13,300. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $42,600 The allowance account before adjustment has a credit balance of $7,100. Bad debt expense is estimated at 1/2 of 15 of sales d. The allowance account before adjustment has a credit balance of $7,100. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $58,900. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above. b. C d. Previous Next > Sent for Grad MacBook Air 000 F 170 C 892 A $ 4 % 5 & 7 * 00 6 9 0 R T Y U O F G H J L

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