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Im/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=Binprogress=false eBook Show Me How Calculator Print Item Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a

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Im/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=Binprogress=false eBook Show Me How Calculator Print Item Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $1,095,000 and sales for the year total $12,420,000. a. The allowance account before adjustment has a credit balance of $14,800. Bad debt expense is estimated at 1/4 of 1% of sales. b. The allowance account before adjustment has a credit balance of $14,800. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $47,400. c. The allowance account before adjustment has a debit balance of $7,600. Bad debt expense is estimated at 3/4 of 1% of sales. d. The allowance account before adjustment has a debit balance of $7,600. An aging of the accounts in the customer ledger indicates estima doubtful accounts of $63,100. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above. a. b. C. $ d. Im/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=Binprogress=false eBook Show Me How Calculator Print Item Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $1,095,000 and sales for the year total $12,420,000. a. The allowance account before adjustment has a credit balance of $14,800. Bad debt expense is estimated at 1/4 of 1% of sales. b. The allowance account before adjustment has a credit balance of $14,800. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $47,400. c. The allowance account before adjustment has a debit balance of $7,600. Bad debt expense is estimated at 3/4 of 1% of sales. d. The allowance account before adjustment has a debit balance of $7,600. An aging of the accounts in the customer ledger indicates estima doubtful accounts of $63,100. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above. a. b. C. $ d

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