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Aaron Servicing showed the following partial unadjusted results at October 31, 2023, its year-end: Part 1 Required: a. Assuming Aaron estimates bad debts to be
Aaron Servicing showed the following partial unadjusted results at October 31, 2023, its year-end: Part 1 Required: a. Assuming Aaron estimates bad debts to be 1.5% of sales, prepare the adjusting entry at October 31,2023 , b. Show how accounts recelvable would be shown on the October 31, 2023, balance sheet using your calculations in (a) Required: c. Instead of (a), assume that Aaron estimates bad debts to be 5% of outstanding accounts recelvable. Prepare the adjusting entry at October 31, 2023. Journal entry worksheet Record the estimate for uncollectible accounts. Note: Enter debits befare credies. d. Show how accounts recelvable would be shown on the October 31,2023 , balance sheet using your calculations in (c)
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