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 percentage of sales method and estimates that uncollectible accounts will be 4.3%.LO1.

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Financial Accounting A Global Perspective

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Authors: Rod Monger

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Question Posted: Jun 16, 2024 04:22 AM

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If a 55 000 kroner debit already exists in the allowance account, what would be the adjusting

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Financial Accounting A Global Perspective

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