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eBook Calculator Print Item Funnel Direct recorded $1,344,780 in credit sales for the year and $694,455 in accounts receivable. The uncollectible percentage is 4.4% for
eBook Calculator Print Item Funnel Direct recorded $1,344,780 in credit sales for the year and $694,455 in accounts receivable. The uncollectible percentage is 4.4% for the inco method and 4% for the balance sheet method. A. Record the year-end adjusting entry for 2018 bad debt using the Income statement method. B. Record the year-end adjusting entry for 2018 bad debt using the balance sheet method. C. Assume there was a previous credit balance in Allowance for Doubtful Accounts of $13,888; record the year-end entry for bad debt using the income statement method, and then the entry using the balance sheet method If an amount box does not require an entry, leave it blank. Round your answers to two decimal places. A. Dec. 31 Bad Debt Expense Allowance for Doubtful Accounts To record bad debt, Income statement method B. Dec 31 Bad Debt Expense Allowance for Doubtful Accounts To record bad debt, balance sheet method ul DODO C. Dec. 31 Bad Debt Expense Allowance for Doubtful Accounts To record bad debt, income statement method, previous credit balance Dec. 31 Bad Debt Expense Allowance for Doubtful Accounts To record bad debt, balance sheet method, previous credit balance
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