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Important Note! Before you start working on this problem, watch the Hint video. This video shows you exactly how to work this problem. At each
Important Note! Before you start working on this problem, watch the Hint video. This video shows you exactly how to work this problem. At each calendar year-end, Mazie Supply Co. uses the percent of accounts receivable method to estimate bad debts. On December 31, 2017, it has outstanding accounts receivable of $51,000, and it estimates that 4% will be uncollectible Prepare the adjusting entry to record bad debts expense for year 2017 under the assumption that the Allowance for Doubtful Accounts has: (a) a $867 credit balance before the adjustment. (b) a $255 debit balance before the adjustment View transaction list > Journal entry worksheet 2 of 5 II Prey o earch View transaction list Journal entry worksheet
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