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On December 31, 2017, Jackson Corporation's unadjusted trial balance included the following items Debit Credit Cash Sales 185,000 498,000 Credit Sales Accounts Receivable Allowance for

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On December 31, 2017, Jackson Corporation's unadjusted trial balance included the following items Debit Credit Cash Sales 185,000 498,000 Credit Sales Accounts Receivable Allowance for Doubtful Accounts 158,000 900 Required: Prepare the adjusting entry on the books of Garrett Corporation to estimate uncollectible accounts under each of the following independent assumptions. Uncollectible accounts are estimated to be 4% of total Sales. Uncollectible accounts are estimated to be 6.55% of credit Sales An analysis suggest that 9% of outstanding accounts receivable on December 31, 2018 will be uncollectible a. b. insi C

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