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Assume the following information for Kingbird Corp. Uncollectible accounts are expected to be 8% of the ending balance in accounts receivable. Prepare the entries to
Assume the following information for Kingbird Corp. Uncollectible accounts are expected to be 8% of the ending balance in accounts receivable. Prepare the entries to record sales and collections during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Prepare the entry to record the write-off of uncollectible accounts during the period. (Credit account titiles are outomatically Indented when the amount is entered. Do not indent manually.) Prepare the entries to record the recovery of the uncollectible account during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Determine the ending balance in Accounts Receivable and the unadjusted balance in Allowance for Doubtful Accounts. Ending balance in Accounts Receivable $ Unadjusted balance in Allowance for Doubtful Accounts $ Prepare the entry to record bad debt expense for the period. (Credit account cittes are automatically indented when the amount is entered. Do not indent manually.)
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