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help filling in allowance for doubtful accounts McKenzie Ltd. provides for doubtful accounts based on 4% of credit sales. The following data are available for
help filling in allowance for doubtful accounts McKenzie Ltd. provides for doubtful accounts based on 4% of credit sales. The following data are available for the current fiscal year: (Click the icon to view the data.) Required How much should be the balance in the allowance for doubtful accounts at December 31? Requirement. How much should be the balance in the allowance for doubtful accounts at December 31? Determine the ending balance for the allowance for doubtful accounts by preparing T-account for current fiscal year. (BDE =bad debts expense.) Allowance for doubtful accounts Beg bal Beg bal End bal End bal Data Table - Credit sales during the year $ 3,250,000 Allowance for doubtful accounts Jan 1 26,000 C 5,000 Collection of accounts written off in prior years Customer accounts written off as uncollectible during the year High 39,850 Print Done
help filling in allowance for doubtful accounts
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