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Aaron Servicing showed the following partial unadjusted results at October 31,2020 its year end is Assuming Aaron estimates bad debts to be 1.5% of sales,
Aaron Servicing showed the following partial unadjusted results at October 31,2020 its year end is 
Assuming Aaron estimates bad debts to be 1.5% of sales, prepare the adjusting entry at October 31,2020 
Show how accounts receivable would be shown on the October 31,2020, balance sheet using your calculations in the above part 
Assume that Aaron estimates bad debts to be 5% of outstanding accounts receivable. Prepare the adjusting entry at October 31,2020 
Show how account receivable would be shown on the October 31,2020 balance sheet using your calculations from the above part 
Debit Account Sales Accounts receivable Allowance for doubtful accounts Credit $1,680,000 $151,000 3,200 Journal entry worksheet
Assuming Aaron estimates bad debts to be 1.5% of sales, prepare the adjusting entry at October 31,2020
Show how accounts receivable would be shown on the October 31,2020, balance sheet using your calculations in the above part
Assume that Aaron estimates bad debts to be 5% of outstanding accounts receivable. Prepare the adjusting entry at October 31,2020
Show how account receivable would be shown on the October 31,2020 balance sheet using your calculations from the above part
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
