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Question 6 View Policies Current Attempt in Progress Answer the following independent questions. (a) Pharoah, Inc. had net sales in 2017 of $1,410,600. At December
Question 6 View Policies Current Attempt in Progress Answer the following independent questions. (a) Pharoah, Inc. had net sales in 2017 of $1,410,600. At December 31, 2017, before adjusting entries, the balances in selected accounts were Accounts Receivable $384,800 debit, and Allowance for Doubtful Accounts $1,814 debit. Assume that 11% of accounts receivable will prove to be uncollectible. Prepare the entry to record bad debt expense. (If no entry is required, select "No Entry" for the account titles and enter 0for the amounts Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Credit Account Titles and Explanation Debit Date Dec. 31, 2017
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