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A companey has $110,000 in outstanding accounts receibable are uncollectible. Experience suggests that 4% of outsatanding receivable are uncollectible. The current balance(before adjustaments) in the
A companey has $110,000 in outstanding accounts receibable are uncollectible. Experience suggests that 4% of outsatanding receivable are uncollectible. The current balance(before adjustaments) in the allowance for doubtful accounts is an $1,000 credit. The journal entry to record the adjustaments to the allonce account includes a debit to bad debts expense for:
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Accounting Texts and Cases
Authors: Robert Anthony, David Hawkins, Kenneth Merchant
13th edition
1259097129, 978-0073379593, 007337959X, 978-1259097126
