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if someone could offer an explanation of some sort that would be helpful Mazie Supply Company uses the percent of accounts receivable method. On December
if someone could offer an explanation of some sort that would be helpful
Mazie Supply Company uses the percent of accounts receivable method. On December 31 , it has outstanding accounts receivable of $90,500, and it estimates that 5% will be uncollectible. Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has: (a) a $1,539 credit balance before the adjustment. (b) a $453 debit balance before the adjustment. Journal entry worksheet Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $1,539 credit balance before the adjustment. Note: Enter debits before credits. Mazie Supply Company uses the percent of accounts receivable method. On December 31 , it has outstanding accounts receivable of $90,500, and it estimates that 5% will be uncollectible. Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has: (a) a $1,539 credit balance before the adjustment. (b) a $453 debit balance before the adjustment. Journal entry worksheet Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $453 debit balance before the adjustment. Note: Enter debits before creditsStep by Step Solution
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