Question
A trial balance before adjustment included the following: Debit Credit Accounts receivable 90,000 Allowance for doubtful accounts 730 Sales 360,000 Sales returns and allowances 8,000
A trial balance before adjustment included the following:
Debit Credit
Accounts receivable 90,000
Allowance for doubtful accounts 730
Sales 360,000
Sales returns and allowances 8,000
Give the journal entry assuming that the estimate of uncollectibles is determined by taking 5% of gross accounts receivable
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Advanced Financial Accounting
Authors: Richard E. Baker, Valdean C. Lembke, Thomas E. King
3rd Edition
0070054142, 978-0070054141
