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On December 31, 2008, the unadjusted trial balance of K&A Inc., included the following accounts: Debit Credit Sales (90% represent credit sales) Accounts Receivable Allowance
On December 31, 2008, the unadjusted trial balance of K&A Inc., included the following accounts: Debit Credit Sales (90% represent credit sales) Accounts Receivable Allowance for Doubtful Account 900,000 300,000 300 estimates bad debts t s 1. The adjusting entry on December 31, 2008 would include a debit to what account? A. Accounts Rcceivable B. Allowance for Doubtful Accounts C. Bad Debts Expenso D. Sales E. None of the above 2. The adjusting entry on December 31, 2008 would include a credit to what account? A. Accounts Rcceivable B. Allowance for Doubtful Accounts C. Bad Debts Expense D. Sales E. None of the above 3. Refer to the two previous questions. The amount of the entry is: 4. The net realizable value of accounts receivable reported on the December 31, 2008 balance sheet, after 5. Assume the Allowance for Doubtful Accounts had a S300 debit balance on December 31, 2008 A. The amount of Bad Debt Expense recorded (the adjusting entry) on December 31, 2008 would be: B. The net realizable value of accounts receivable reported on the December 31, 2008 balance sheet, after the adjusting journal entry, would be
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