Question
A company reported the following balances Accounts Receivable $ 375,000 Allowance for Uncollectible Accounts $ 4,500 Net Sales $ 850,000 Estimated sales uncollected are 0.4%
A company reported the following balances
| Accounts Receivable | $ 375,000 |
| Allowance for Uncollectible Accounts | $ 4,500 |
| Net Sales | $ 850,000 |
|
|
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| Estimated sales uncollected are | 0.4% |
| Estimated AR uncollectable | 2% |
Prepare the journal entry for the bad debt expense using the sales uncollected method and the estimated AR uncollected method.
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CISA Certified Information Systems Auditor Study Guide Aligned With The CISA Review Manual 2019 To Help You Audit Monitor And Assess Information Systems
Authors: Hemang Doshi
1st Edition
1838989587, 978-1838989583
