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10 At December 31,2019, a company reported the following Total sales for 2019 $520,000 Accounts receivable at Doc 31, 2015 $170,000 Allowance for Doubtful Accounts
10 At December 31,2019, a company reported the following Total sales for 2019 $520,000 Accounts receivable at Doc 31, 2015 $170,000 Allowance for Doubtful Accounts at Dec 31, 2010 $1,800 cred The company uses the allowance method for recording its bad debts Which of the following would be included in the adjusting journal entry to record the company's bad debt expense, assuming that the company estimates bad debts to be 1% of sales? OOR Bad Debt Expanse $3,400 CR Alowance for Doubtful Accounts $3,400 O&DR Allowance for Doubtful Accounts $1.700 CR Bad Debt Expanse $1.7001 Oc DR Bad Debt Expense for $5.200 CR Alowance for Doubtful Accounts $5.200 OOR Bad Debt Expense $7,000 CR Allowance for Doubtful Accounts $7.000 4 points Gave Amer
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