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ACCT 202- FALL 2023 - EXAM 3 P5 PART C (14 POINTS) Show all work and label all numbers Past experience indicates that 2.0% of

ACCT 202- FALL 2023 - EXAM 3 P5 PART C (14 POINTS) Show all work and label all numbers Past experience indicates that 2.0% of net credit sales will eventually be uncollectible. Selected (1) The Dolton Sign Company uses the allowance method in accounting for uncollectible accounts. account balances at December 31, 2022: 12/31/2022 $600,000 160,000 00% 800 EQUIRED: Prepare the adjusting entry on December 31, 2022, to recognize bad debts expense. Net Credit Sales Accounts Receivable Allowance for Doubtful Accounts (debit) Account DOLTON SIGN COMPANY GENERAL JOURNAL ESOS JIAR-COS TODA Debit 10000 Credit
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PART C (14 POINTS) Show all work and label all numbers (1) The Dolton Sign Company uses the allowance method in accounting for uncollectible accounts. Past experience indicates that 2.0% of net credit sales will eventually be uncollectible. Selected account balances at December 31, 2022: EQUIRED: Prepare the adjusting entry on December 31,2022 , to recognize bad debts expense

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