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please put answer in table form Exercise 9-13 (Algo) Percent of accounts receivable method LO P3 Mazie Supply Company uses the percent of accounts receivable
please put answer in table form
Exercise 9-13 (Algo) Percent of accounts receivable method LO P3 Mazie Supply Company uses the percent of accounts receivable method On December 31, it has outstanding accounts receivable of $77,000, and it estimates that 3% will be uncollectible. Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has: (a) a $1,309 credit balance before the adjustment (b) a \$385 debit balance before the adjustment Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Aliowance for Doubtful Accounts has a $385 debit balance before the adjustment. Note: Enter debits before credits. Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $1,309 credit balance before the adjustment. Note: Enter debits before credits Step by Step Solution
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