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Ruth Company has been in business several years. At the end of the current year, the unadjusted trial balance shows: Accounts Receivable $310,000 Dr. Sales
Ruth Company has been in business several years. At the end of the current year, the unadjusted trial balance shows:
| Accounts Receivable | $310,000 | Dr. |
| Sales Revenue | 2,200,000 | Cr. |
| Allowance for Doubtful Accounts | 5,700 | Cr. |
Bad debts are estimated to be7% of receivables. Prepare the entry to adjust the Allowance for Doubtful Accounts.
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Core Concepts Of Accounting Information Systems
Authors: Mark G. Simkin, Carolyn A. Strand Norman, Scott Paquette
1st Canadian Edition
