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Larkspur Company has been in business several years. At the end of the current year, the unadjusted balances show: Accounts Receivable Sales Revenue $390,600 2,772,000
Larkspur Company has been in business several years. At the end of the current year, the unadjusted balances show: Accounts Receivable Sales Revenue $390,600 2,772,000 7,182 Allowance for Doubtful Accounts Bad debts are estimated to be 7% of receivables. Record adjustment to Allowance for Doubtful Accounts in a tabular summary. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets = Liabilities + Allowance For Doubtful Accounts Accounts Receivable + Common Stock + Beg. Bal. $ $ $ Adj. Larkspur Company has been in business several years. At the end of the current year, the unadjusted balances show: Accounts Receivable Sales Revenue $390,600 2,772,000 7,182 Allowance for Doubtful Accounts Bad debts are estimated to be 7% of receivables. Record adjustment to Allowance for Doubtful Accounts in a tabular summary. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Stockholders' Equity Retained Earnings Expense Common Stock + Revenue $ ta $ $
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