Question
BioWares year-end unadjusted trial balance shows accounts receivable of $37,000 and sales of $480,000. Uncollectibles are estimated to be 2% of sales. Prepare the December
BioWares year-end unadjusted trial balance shows accounts receivable of $37,000 and sales of $480,000. Uncollectibles are estimated to be 2% of sales. Prepare the December 31 year-end adjusting entry for uncollectibles using the percent of sales method.
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The Audit Process Principles Practice And Cases
Authors: Stuart Manson, Iain Gray, Louise Crawford
6th Edition
1408081709, 978-1408081709
