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Indice, Inchad net sales in 2020 of $1.502.900. At December 31, 2020 before adjusting entries the balances in selected Mounts were Accounts Receivable 316,000 debt
Indice, Inchad net sales in 2020 of $1.502.900. At December 31, 2020 before adjusting entries the balances in selected Mounts were Accounts Receivable 316,000 debt and Allowance for Doubtful Accounts $1.803 debit. Assume that 11% of accounts receivable will prove to be uncollectible. Prepare the entry to record bad debit expense. One entry sect"No Entry for the account titles and enter for the amounts Credit countries are automatically indented when the amount is entered Do not indent manual) Date Account Titles and Explanation Credit Dec 31, 2020
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