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please help answer and explain. Exercise 7-12 (Algo) Percent of accounts receivable method LO P3 Mazie Supply Company uses the percent of accounts eceivable method
please help answer and explain. Exercise 7-12 (Algo) Percent of accounts receivable method LO P3 Mazie Supply Company uses the percent of accounts eceivable method On December 31 , it has outstanding accounts receivable of: $134,500, and it estimates that 6% will be uncollectible Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accotints has (a) a $2,287 credit balance before the adjustment (b) a $673 debit balance before the adjustment Journal entry worksheet Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $2,287 credit balance before the adjustment. Pootel Enter debits before credits. Journal entry worksheet Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $673 debit balance before the adjustment. Note: Enter debits before credits
please help answer and explain.
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