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please send detailed explanations for the same. Aaron Servicing showed the following partlal unadjusted results at October 31,2023 , Its year-end: Part 1 Requlred: 0.
please send detailed explanations for the same.
Aaron Servicing showed the following partlal unadjusted results at October 31,2023 , Its year-end: Part 1 Requlred: 0. Assuming Aaron estimates bad debts to be 1.5% of sales, prepare the adjusting entry at October 31,2023 . b. Show how accounts recelvable would be shown on the October 31,2023 , balance sheet using your calculations in (a). Part 2 Required: c. Instead of (a), assume that Aaron estimates bad debts to be 5% of outstanding accounts receivable. Prepare the adjusting entry at October 31, 2023. d. Show how accounts recelvable would be shown on the October 31, 2023, balance sheet using your calculations In (c)Step by Step Solution
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