How do I journalize: The company wants to maintain the Allowance for Doubtful Accounts at5% of gross
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Question:
How do I journalize:
The company wants to maintain the Allowance for Doubtful Accounts at5% of gross accounts receivable.
Dr.
Accounts Receivable$84,500
Allowance for Doubtful Accounts3,500
Cr.
Sales Revenue$478,400
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