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enow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=assignments&takeAssignmentSessionLocator=assign Print Item Calculator eBook Show Me How Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a
enow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=assignments&takeAssignmentSessionLocator=assign Print Item Calculator eBook Show Me How Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $1,147,000 and sales for the year total $13,000,000. a. The allowance account before adjustment has a credit balance of $15,500. Bad debt expense is estimated at 1/2 of 1% of sales. b. The allowance account before adjustment has a credit balance of $15,500. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $49,600. c. The allowance account before adjustment has a debit balance of $6,800. Bad debt expense is estimated at 1/4 of 1 % of sales. d. The allowance account before adjustment has a debit balance of $6,800. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $56,400. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above. $ a. b. $ C. d. 9:48 PM 6/16/2019
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