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answer please Credit Al December 31, 2020, the trial balance of Sareer Limited contained the following amounts before adjustment. Debit Accounts Receivable KD 560,000 Notes
answer please Credit Al December 31, 2020, the trial balance of Sareer Limited contained the following amounts before adjustment. Debit Accounts Receivable KD 560,000 Notes Receivable (Short Term) 210,000 Allowance for Doubtful Accounts 6,000 Sales Revenue 900,000 Instructions Prepare the adjusting entry at December 31, 2020, for bad debt expense under each of the following independent assumptions: The company estimates that 3.5% of total receivables will be uncollectible. Debit Credit Accounts Date Dec 31 The company estimates that 4% of sales will be uncollectible. Accounts Debit Date Credit Dec. 31 . 4
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