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please help Selected unadjusted account balances at December 31, 2020, are shown below for Demron Servicing. Credit Account Debit Accounts receivable $73,000 Allowance for doubtful
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Selected unadjusted account balances at December 31, 2020, are shown below for Demron Servicing. Credit Account Debit Accounts receivable $73,000 Allowance for doubtful accounts Sales (all on credit) Sales discounts 11,000 $ 1,160 507,000 Required: a. Assume that Demron estimates uncollectible accounts as 3% of receivables. Prepare the adjusting entry required on December 3 2020 to estimate uncollectible receivables. Answer is complete but not entirely correct. Debit No Credit General Journal Date 14,880 1 December 31, 202 Bad debt expense 14,880 X Allowance for doubtful accounts
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