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Gabriel reports the following financial information before adjustments. Required: Prepare the journal entry to record bad debt expense assuming Gabriel estimates bad debts at (a)
Gabriel reports the following financial information before adjustments. Required: Prepare the journal entry to record bad debt expense assuming Gabriel estimates bad debts at (a) 5% of accounts receivable and (b) 5% of accounts receivable, and the Allowance for Doubtful Accounts has a $1,500 debit balance
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