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18) Using the Percentage of Accounts Receivable method in accounting for Bad Debts, What will be the recording for this transaction in 2020 using the
18) Using the Percentage of Accounts Receivable method in accounting for Bad Debts, What will be the recording for this transaction in 2020 using the data provided in the following table? Year Accounts Receivable Balance Bad Debts Balance 2015 345 000,00 44 500,00 2016 896 750,00 66 500,00 2017 219 000,00 38 900,00 2018 312 890,00 24 975,00 2019 199 110,00 22 400,00 1 972 750,00 197 275,00 2020 497 300,00 25 000,00 (Select 10 15pts extra credit) Debiting Bad Debts Expense and crediting Allowance for Doubtful Accounts for $24.730 Debiting Bad Debts Expense and Crediting Allowance for Doubtful Accounts for $49.730 Debiting Bad Debts Expense and Crediting Accounts Receivable for $24,730 Debiting Bad Debts Expense and crediting Accounts Receivable for 549,730
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Governmental and Nonprofit Accounting
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
10th edition
132751267, 978-0132751261
