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31, 2019, journal entry to record bad debt expelise. BE7.6 (LO3) Use the information presented in BE7.5 for Wilton, AG. a. Instead of an Allowance
31, 2019, journal entry to record bad debt expelise. BE7.6 (LO3) Use the information presented in BE7.5 for Wilton, AG. a. Instead of an Allowance for Doubtful Accounts Balance o 2,400 credit, the balance was l .900 debit. Assume that 10% of accounts receivable will prove to be uncollectible. Prepare the entry to record bad debt expense. b. Instead of estimating uncollectibles based on a percentage of receivables, assume Wilton prepares an aging schedule that estimates total uncollectible accounts at 24,600. (Assume an allowance of 2,400 credit.) Prepare the entry to record bad debt expense. 31, 2019, journal entry to record bad debt expelise. BE7.6 (LO3) Use the information presented in BE7.5 for Wilton, AG. a. Instead of an Allowance for Doubtful Accounts Balance o 2,400 credit, the balance was l .900 debit. Assume that 10% of accounts receivable will prove to be uncollectible. Prepare the entry to record bad debt expense. b. Instead of estimating uncollectibles based on a percentage of receivables, assume Wilton prepares an aging schedule that estimates total uncollectible accounts at 24,600. (Assume an allowance of 2,400 credit.) Prepare the entry to record bad debt expense
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