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Sunland Company uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is $597000 and credit sales are $2740000.
Sunland Company uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is $597000 and credit sales are $2740000. Management estimates that 3% of accounts receivable will be uncollectible. What adjusting entry will Sunland Company make to record bad debt expense if the Allowance for Doubtful Accounts has a $5400 credit balance before adjustment? Bad Debt Expense 17910 Accounts Receivable 17910 Bad Debt Expense 12510 Allowance for Doubtful 12510 Accounts Bad Debt Expense Accounts Receivable Bad Debt Expense Allowance for Doubtful Accounts 12510 12510 17910 17910
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