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Garrett Company's year-end unadjusted trial balance shows the following: Accounts Receivable $70,000. Allowance for Doubtful Accounts $149 (debit), and Sales $290,000. Uncollectibles are estimated to
Garrett Company's year-end unadjusted trial balance shows the following: Accounts Receivable $70,000. Allowance for Doubtful Accounts $149 (debit), and Sales $290,000. Uncollectibles are estimated to be 2% of sales. In the year-end adjusting entry to record bad debt opense, the company Debit Allowance for Doubtful Accounts $5,800, credit Bad Debt Expense $5,800 Debit Bad Debt Expense $5.949 Credit Allowance for Doubtful Accounts $5.949 Debit Bad Debt Expense $5.651;credit Allowance for Doubtful Accounts $5,651 Debit Bad Debt Expense $5,000, credit Allowance for Doubt Accounts $5,800 D Question 36 Accumulated Depreciation appears on which financial statement? O Bank reconciliation Statement of owner's equity Balance sheet Income statement Question 37 Accounts Receivable is an account
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