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Net Credit sales for the month are $900,000. the accounts receivable balance is $192,000. Management uses the percentage of sales method and estimates that 5%
Net Credit sales for the month are $900,000. the accounts receivable balance is $192,000. Management uses the percentage of sales method and estimates that 5% will be uncollected. the allowance for doubtful accounts has a credit balance of $6,000 before adjustment. prepare the adjusting entry to record bad debt expense
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Management Accounting
Authors: Pauline Weetman
2nd Edition
0273718452, 978-0273718451
