Question
Al Bakara company report the following results for its calendar year December 31,2021 Cash sales Credit sales Account receivable Account payable Allowances for doubtful
Al Bakara company report the following results for its calendar year December 31,2021 Cash sales Credit sales Account receivable Account payable Allowances for doubtful accounts 200,000 180,000 22,000 (debit) 46,000 (credit) 2,000 (debit) The company estimates bad debts to be 2% of annual total sale. Required: 1-Prepare the adjusting entry to record the estimated bad debt.
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Human Resource Management
Authors: Jean M. Phillips, Stanley M. Gully
1st edition
1111533555, 978-1111533557
