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determine the amount of the adjusting entry for doubtful accounts under each of the assumptions ( a through d) listed above. A. the end of
determine the amount of the adjusting entry for doubtful accounts under each of the assumptions ( a through d) listed above.
A. the end of the eurrent year, the accounta recelyabie account has a debit balance af $1,154,000 and sales for the year total $13,090,009. a. The ailowance accoumt before adjustment has a debit baiance of $15,600. bad debt expense is estimated at 1/2 af 1 he of sales. b. The aliowence account before adjustment has a debit balance of $15,600. An aging of the accounts in the customer ledger indicates entimated doubeful accounts of 449,900. C. The mllowance account before adjustment has a credit balance of $8,300. Bad debt empense is estimated at 1/4 of 1% of saies. d. The aliovance account before odjustment has a crodit baiance of 48,300 . An aging of the accounts in the customer ledger Indicates estimated doubtrit acenunts af 568,900 . betmmine the amoume af the adjusting entry to provide for ooubthul accounts under each of the assumotions (a through d) noted above Step by Step Solution
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