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Swimsuit Emporium had the following balances at December 31, 2020, before the year-end adjustments (Click the icon to view the balances and aging of accounts
Swimsuit Emporium had the following balances at December 31, 2020, before the year-end adjustments (Click the icon to view the balances and aging of accounts receivable schedule. 1. Joumalize Swimsuit Emporium's entry to record bad debt expense for 2020 using the aging of receivables method. 2. Prepare the T-account to compute the ending balance of Allowance for Doubtful Accounts 1. Journalize Swimsuit Emporium's entry to record bad debt expense for 2020 using the aging of receivables method (Record debits first. explanations from journal entries.) Balances and aging - to a por st, then crec al er Accounts Receivable Allowance for Doubtful Accounts 160,000 4,200 The aging of accounts receivable yields these data: Age of Accounts Receivable 0-60 Days Over 60 Days Total Receivables Accounts receivable $152,000 $8,000 $160,000 Estimated percent uncollectible X 6% X 23% Print Done e the hoxen to
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