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Question 3 View Policies Current Attempt in Progress A trial balance before adjustment included the following: Credit Debit $156,000 $1,160 Accounts receivable Allowance for doubtful
Question 3 View Policies Current Attempt in Progress A trial balance before adjustment included the following: Credit Debit $156,000 $1,160 Accounts receivable Allowance for doubtful accounts Sales Sales returns and allowances 444,000 8.200 Prepare journal entries assuming that the estimate of uncollectible is determined by taking (1) 6% of gross accounts receivable (Credit account titles are automatically indented when the amount is entered. Account Titles and Explanation Debit Credit (2) 2% of gross accounts receivable (assuming a $1,160 debit allowance account balance). (Credit account title Account Titles and Explanation Debit Credit
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