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9 During Burns Company's test year of operations, credit sales totaled $2.000 and collections on credit sales totaled 5706.000 Darms estimates that bad debt losses
9 During Burns Company's test year of operations, credit sales totaled $2.000 and collections on credit sales totaled 5706.000 Darms estimates that bad debt losses will be 20% of credit sales. By year end, Burns had written off 5310 of specific accounts as un colectiile Required: 1. Prepare att appropriate journal entries relative to uncollectible accounts and bad dett expense. 2. Show the year-end balance sheet presentation for accounts receivable. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare all appropriate journal entries relative to uncollectible accounts and bad debt expense. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction Journal entry worksheet
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