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ectible accounts LO2, 3 Aaron Servicing showed the following partial unadjusted results at October 31, 2020, its year-end: Debit Account Sales Accounts receivable Allowance for
ectible accounts LO2, 3 Aaron Servicing showed the following partial unadjusted results at October 31, 2020, its year-end: Debit Account Sales Accounts receivable Allowance for doubtful accounts Credit $1,580,000 $142,000 3,000 Part 1 Required: a. Assuming Aaron estimates bad debts to be 1.5% of sales, prepare the adjusting entry at October 31, 2020. Is Show how accounts receivable would be shown on the October 2000 balance sheetsing your curs Pwr wance She Part 2 Required c. Instead of assume that Aaron estimates bad debits to be 5% of outstanding accounts receivable Prepare the desting entry of October 31, 2020 d. Show how accounts receivable would be shown on the October 31, 2020. balance sheet using your calculations in
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