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Unsaved changes EULS W E de automatically saved. Save now al Tools Help HQ Normal...

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Accounting

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Unsaved changes EULS W E de automatically saved. Save now al Tools Help HQ Normal Calibri . 11. B I V A. A E Question : At December 31, Warren Company reports the following results for its calendar year from the adjusted trial balance. Credit sales $2.100.000 Cash sales 950,000 Accounts Receivable 295.000 Allowance for doubtful accounts (debit balance) a. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be 1.1% of credit sales. b. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be 8% of total sales. c. Prepare the adjusting entry to record Bad Debts Expense assuming collectibles are estimated to be 70% of year end accounts receivable

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