If a 55 000 kroner debit already exists in the allowance account, what would be the adjusting
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If a 55 000 kroner debit already exists in the allowance account, what would be the adjusting entry to record the uncollectible estimate?
On 30 September 2011, Arnbjorg determines that its total sales for September were 1 770 000 kroner. Arnbjorg uses the aged receivables method and estimates that uncollectible accounts will be 22 900 kroner.LO1.
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