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At the end of the current year, the accounts recevoble account has a debli balance of $814,000 and sales for the year total $9,230,000. a.
At the end of the current year, the accounts recevoble account has a debli balance of $814,000 and sales for the year total $9,230,000. a. The alowance account before adjusiment has a debir balance of $11,000. Bod deb expense is estimated at 1/4 of 1% of sales. b. The alowance account before ad,ustment has a debic balance of $11,000. An aging of the accounts in the customer ledger incicates estimated doubtful occounts of 535,200 . c. The allonance account before adjustment has a credit balance of $7,900. Bod debt expense is estimated at 3/4 of 1% of sales. d. The allowance account before adjustment has a credi balance of $7,900. An aging of the accounts in the customer ledger indicates estimated doujtfui accounts of $65,600. Determine the amount of the adjusting entry to provide for deubtful sccounts under each of the assumptions (a through of) listed above. a
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