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q2 Bramble Products needs to prepare their year-end financial statements. On December 31,2024 , the balance in Accounts Receivable was $770.000. An aging analysis of
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Bramble Products needs to prepare their year-end financial statements. On December 31,2024 , the balance in Accounts Receivable was $770.000. An aging analysis of the accounts receivable indicated that $18.700 of the accounts receivable is expected to be uncollectible. (a) Prepare the adjusting entries to record estimated bad debt expense using the percentage of receivables approach for each independent assumption: 1) Allowance for Doubtful Accounts has a credit balance of $3,600 betore adjustmeot. Mf no entry is requined, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manualy. List debit entry before credit entry] i) Allowance for Doubtful Accounts has a credit balance of $3,600 before adjustment. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit a ccount titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry) ii) Allowance for Doubtful Accounts has a debit balance of $830 before adjustment. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent. manually. List debit entry before credit entry.) ii) Allowance for Doubtful Accounts has a debit balance of $830 before adjustment. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit occount tities are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry) Attempts: 0 of 1 used (b) The parts of this question must be cormpleted in order. This part will be wailable when you complete the part above Step by Step Solution
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