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please help me with those questions 7, 8, 10, and 11. n 10 O out of 10 points Allowance for Doubtful Accounts has a credit
please help me with those questions 7, 8, 10, and 11.
n 10 O out of 10 points Allowance for Doubtful Accounts has a credit balance of $1,225 at the end of the year before adjustment, and bad debt expense is estimated at 12 of 5% of credit sales. If credit sales are $650,000, the amount of the adjusting entry for the estimated uncollectible accounts receivable is O out of 10 points n 11 At the end of the current year, Accounts Receivable has a balance of $3,266,500, Allowance for Doubtful Accounts has a credit balance of $32,100, and sales for the year total $53,700,000. Using the aging method, the balance for Allowance for Doubtful Accounts is estimated as $310,000. Determine the net realizable value of Accounts Receivable after the allowance adjusting entry is made. on 7 0 out of 10 points Allowance for Doubtful Accounts before adjustment has a credit balance of $24,700. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $62,350. What will the balance in the Allowance for Doubtful Accounts be after the adjusting entry is made? on 8 0 out of 10 points Moreno Company uses the percent of sales method of estimating uncollectible receivables. Based on past history, 1 of 4% of credit sales are expected to be uncollectible. Sales for the current year are $7,250,000. Allowance for Doubtful Accounts has a $23,300 credit balance before adjustment. Which of the following is correct regarding the entry to record estimated uncollectible receivables
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