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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

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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 unadjusted trial balance, accounts receivable has a $280,000 and allowance for doubtful accounts has a $1,700 credit balance.
a)Calculate ending allowance for doubtful accounts and bad debt expense showing all work in the box below.
b)Prepare the Dec 31 Journal entry to record bad debt expense
DateDec31
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