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Exercise 8 - 1 2 Estimating bad debt expense - percentage of receivables L O 3 Selected unadjusted account balances at December 3 1 ,
Exercise Estimating bad debt expensepercentage of receivables
Selected unadjusted account balances at December are shown below for Demron Servicing.
Required:
a Assume that Demron estimates uncollectible accounts as of receivables. Prepare the adjusting entry required on December
to estimate uncollectible receivables.
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