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On Dec 31st 2019, before adjusting entries, Staurogyne Inc. reports the following information for the year of 2019: Net Credit Sales $200,000 Net Cash Sales
On Dec 31st 2019, before adjusting entries, Staurogyne Inc. reports the following information for the year of 2019: Net Credit Sales $200,000 Net Cash Sales $120,000 Net Sales Revenue $320,000 COGS $140,000 Gross Profit $180,000 Net Accounts Receivable Allowance for Doubtful Accounts $14,000 $3,000 Staurogyne Inc. estimates that 2% of net credit sales in 2019 will be uncollectible. Provide the adjusting entries on Dec 31st 2019 required to recognize the bad debt expense for the year of 2019 TTT Arial -3 (12pt) - T- 5 - E- OE's Path:p QUESTION 17 What is the ending balance of the Allowance for Doubtful accounts after adjusting entries
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