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Question 3 : A trial balance before adjustment included the following: Debit Credit Accounts receivable $80,000 Allowance for doubtful accounts 730 Sales $340,000 Give journal
Question 3 :
A trial balance before adjustment included the following:
Debit Credit
Accounts receivable $80,000
Allowance for doubtful accounts 730
Sales $340,000
Give journal entries assuming that the estimate of uncollectible is determined by:
1- Taking 5% of accounts receivable
2- Taking 1% of sales
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