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answer everything in format, the greyish areas is where I put my answers The greyish areas Is where I put my answers I use exprep
answer everything in format, the greyish areas is where I put my answers
The greyish areas Is where I put my answers I use exprep on excel so formatting is necessary. so can just fill in
A B D E F G H 1 At the end of 2021, Accounts Receivable has a balance of $590,000: Allowance for Doubtful Accounts has a debit balance of $5,500, and sales for the year total $2,660,000 J K 1 MAN 0 For each method below, determine the amount of the adjusting entry for uncollectible accounts, the adjusted balance of Accounts Receivable, the adjusted balance of Allowance for Doubtful 5 Accounts, and the adjusted balance of Bad Debt Expeuse. 6 7 Aging Method 8 Using the aging method the balance of Allowance for Doubtful Accounts is estimated to be $27.000 9 10 A/R ADA 11 Adjusting Entry Beginning Balance 12 Sales on Account A/R End Balance 13 Adjustment ADA End Balance Collections 14 Bad Debt Expense 13 End Balance 16 Percent of Sales Method 17 Using the percent of sales method the company estimates that bad debt expense will be 1.25% of sales. 18 19 AR 20 ADA Adjusting Entry 21 AVR End Balance 22 ADA End Balance Bad Debt Expense 24 25 26 27 28
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