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Multiple Choice Question 84 Vaughn Company uses the percentage ot receivables method for recording bad debt expense. The accounts receivable balance is 5599000 and credit
Multiple Choice Question 84 Vaughn Company uses the percentage ot receivables method for recording bad debt expense. The accounts receivable balance is 5599000 and credit sales are $2640000. Management estimates that 3% of accounts receivable will be uncollectible. What adjusting entry will Vaughn Company make to record bad debt expense if the Allowance for Doubtful Accounts has a $5200 credit balance before adjustment? 0 Bad Debt Expense 17970 Accounts Receivable 17970 Bad Debt Expense 12770 Allowance for Doubtful Accounts 12770 O Bad Debt Expense 17970 Allowance for Doubtful Accounts 17970 0 Bad Debt Expense 12770 Accounts Receivable 12770 Click if you would like to Show Work for this
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