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View Policies Current Attempt in Progress Crane Company reports the following financial information before adjustments....

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Accounting

View Policies
Current Attempt in Progress
Crane Company reports the following financial information before adjustments.
Prepare the journal entry to record bad debt expense assuming Crane Company estimates bad debts at (a)5% of accounts receivable
and (b)5% of accounts receivable but Allowance for Doubtful Accounts had a $1,630 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
image

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