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Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $903,000 and sales for the
Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $903,000 and sales for the year total $10,240,000. a. The allowance account before adjustment has a debit balance of $12,200. Bad debt expense is estimated at 3/4 of 1% of sales. b. The allowance account before adjustment has a debit balance of $12,200. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $39,000. C. The allowance account before adjustment has a credit balance of $7,200. Bad debt expense is estimated at 1/4 of 1% of sales. d. The allowance account before adjustment has a credit balance of $7,200. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $59,800. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above. a. $ ds Next > Check My Work A os 1249 PM
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