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Net Zero Products, a wholesaler of sustainable raw materials, prepares the following aging of receivables analysis. 1. Estimate the balance of the Allowance for Doubtful

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image text in transcribed Net Zero Products, a wholesaler of sustainable raw materials, prepares the following aging of receivables analysis. 1. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. 2. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubtful Accounts is a $2,800 credit. Complete this question by entering your answers in the tabs below. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for $2,800 credit. Journal entry worksheet Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $2,800 credit balance. Note: Enter debits before credits. 1. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method. 2. Prepare the adjusting entry to record bad debts expense assuming the unadjusted balance in the Allowance for Doubt Accounts is a $2,800 credit

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