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none at this time Due Sun 06/07/2020 11:59 pm Some Company uses the allowance method for handling receivables. Total Sales for the year were $900,000

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Due Sun 06/07/2020 11:59 pm Some Company uses the allowance method for handling receivables. Total Sales for the year were $900,000 ($650,000 credit sales and $250,000 cash sales). The unadjusted balance for Accounts Receivable was is $95,000 debit balance and Allowance for Doubtful Accounts $1,950 DEBIT balance. For each unrelated situation below, provide the Dec 31 adjusting entry for Bad Debt Expense, post the entry to T-accounts, and show how accounts receivable would appear on the balance sheet. a) Some company estimates that 1% of credit sales will be uncollectible. Date Description Debit Credit Dec 31 Bad Debt Expense Allowance for Doubtful Accounts Accounts Receivable Less: Allowance for Doubtful Accounts Accounts Receivable, Net b) Some Company estimates that 9% of accounts receivable will be uncollectible. Date Description Debit Credit Dec 31 ups Bad Debt Expense Allowance for Doubtful Accounts ndar Accounts Receivable Less: Allowance for Doubtful Accounts cover Accounts Receivable, Net Get help: Video Video Video udio ? 4:16

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