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Adjusted Trial Balance Calculation : A companys unadjusted trial balance shows the following: Accounts Receivable $50,000, Allowance for Doubtful Accounts $2,000 (credit), and Bad Debt
- Adjusted Trial Balance Calculation: A company’s unadjusted trial balance shows the following: Accounts Receivable $50,000, Allowance for Doubtful Accounts $2,000 (credit), and Bad Debt Expense $1,000. Calculate the adjusted accounts receivable and allowance for doubtful accounts if the company estimates that 5% of accounts receivable will be uncollectible.
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Horngrens Accounting
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
10th Canadian edition Volume 1
978-0134213101, 134213106, 133855376, 978-0133855371
