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McQueen Engines uses the Allowance method for handing receivables using 7 % of current accounts receivable for the Allowance for Doubtful Accounts. Based on the
McQueen Engines uses the Allowance method for handing receivables using of current accounts receivable for the Allowance for Doubtful Accounts. Based on the unadjusted trial balance, accounts receivable has a $ and allowance for doubtful accounts has a $ credit balance.
aCalculate ending allowance for doubtful accounts and bad debt expense showing all work in the box below.
bPrepare the Dec Journal entry to record bad debt expense
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