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Question 15 5 pt The company uses the percentage os sales method for calculating bad debt expense. During the month, they had $1,000,000 of sales
Question 15 5 pt The company uses the percentage os sales method for calculating bad debt expense. During the month, they had $1,000,000 of sales on account. The company estimates that 1% of those sales will not be collectible. The adjusting entry for Bad Debt Expense should include: a debit to Bad Debt Expense of $10,000 O a credit to Bad Debt Expense of $10,000 O a credit to Bad Debt Expense of $100,000 a debit to Allowance for Doubtful Accounts of $10,000 Question 16 5 pts Gagner Clinic purchases land for $175,000 cash. The clinic assumes $1,500 in property taxes due on the land. The title and attorney fees totaled $1,000. The clinic has the land graded for $2,200. What amount does Gagner Clinic record as the cost for the land
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