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Some Company uses the allowance method for handling receivables. Total Sales for the year were $ 1 , 0 5 0 , 0 0 0
Some Company uses the allowance method for handling receivables. Total Sales for
the year were $ $ credit sales and $ cash sales The
unadjusted balance for Accounts Receivable was is $ debit balance and
Allowance for Doubtful Accounts $ DEBIT balance. For each unrelated situation
below, provide the Dec adjusting entry for Bad Debt Expense, post the entry to T
accounts, and show how accounts receivable would appear on the balance sheet.
a Some company estimates that of credit sales will be uncollectible.
Accounts Receivable
Less: Allowance for Doubtful Accounts
Accounts Receivable, Net
b Some Company estimates that of accounts receivable will be uncollectible.
Accounts Receivable
Less: Allowance for Doubtful Accounts
Accounts Receivable, Net
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