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Not sure how to answer this next part. Thank you for the help :) 1. Prepare the adjusting entry to record bad debts under each

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1. Prepare the adjusting entry to record bad debts under each separate assumption a. Bad debts are estimated to be 3% of credit sales. b. Bad debts are estimated to be 2% of total sales. c. An aging analysis estimates that 6% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31). (Do not round intermediate calculations.) Answer is complete and correct. No Transaction General Journal Debit Credit 1 a. > Bad debts expenso Allowance for doubtful accounts 92,280 92,280 2 b. Bad debts expense Allowance for doubtful accounts 94,982 O 94,982 3 G. Bad debts expense Allowance for doubtful accounts 69,402 69,402 Sleted so far. It does not indicate completior Return to question 5 Cash sales Credit sales $1,673, 120 $3,076,000 In addition, its unadjusted trial balance includes the following items. rt 2 of 3 Accounts receivable Allowance for doubtful accounts $932,028 debit $ 13,480 debit ats Problem 7-2A Part 2 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts in part 10 Answer is complete but not entirely correct. Current assets: Bad debts expense Add: Allowance for doubtful accounts s 92,280 92,280 $ 0 Submit Check my work 6 Cash sales Credit sales $1,673, 120 $3,076,000 In addition, its unadjusted trial balance includes the following items. t 3 of 3 Accounts receivable Allowance for doubtful accounts $932,028 debit $ 13,480 debit ts kipped Problem 7-2A Part 3 Book 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts in part 1c. (Do not round intermediate calculations.) Print erences Current assets: $ 0

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