Company OO estimates that 2.5 percent of its accounts receivable will be uncollectible. On December 31, 2021,

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Company OO estimates that 2.5 percent of its accounts receivable will be uncollectible. On December 31, 2021, the accounts receivable balance is $800,000. The allowance for doubtful accounts has a credit balance of $4,000 before adjustment.

Prepare the journal entry to record bad debt expense on December 31, 2021.

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Horngrens Accounting Volume 1

ISBN: 9780136889373

12th Canadian Edition

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura

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Posted Date: May 27, 2024 03:37 AM

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Company OO estimates that 2.5 percent of its accounts receivable will be uncollectible. On December 31, 2021,

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Horngrens Accounting Volume 1

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