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Marin Careported the following information in its general ledger for the year ended November 30, 2021. Mc Marin has learned that the receivable from Solar
Marin Careported the following information in its general ledger for the year ended November 30, 2021. Mc Marin has learned that the receivable from Solar Company is not collectible due to the downturn in the economy and atharides hisaccountant to will off the account Sales Debit 990.000 Allowance for Doubtful Accounts Debit Credit 13400 Accounts Receivable Debit Credit 457.000 Accounts Receivable Subledger - Solar Company Debit Credit 5300 SIDAM Record the write off on November 30, 2021. (Credit account titles are automatically indented when the amount is entered Do not indent manually Debit Credit Account Titles and Explanation Date Nov. 30 Mra Current Attempt in Progress Ivanhoe Company estimates that 3.5% of accounts receivable will become uncollectible Ivanhoe Company reported the followinie information in its general ledger for the year ended September 30, 2021 Sales Debit Credit 892,800 Accounts Receivable Debit Credit 300.000 Allowance for Doubtful Accounts Debit Credit 10.225 Your answer is partially correct. Prepare the adjusting entry to record bad debt expense at year end using the percentage of receivables approach. (Credit account titles are automatically indented when the amount is entered. Do not indent manual) Debit Credit Date Account Titles and Explanation Bed Dot Expert Sept. 30 11240 Allowance for Doctor Account
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