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TF3:39 713- 66% ismu brightspace.com Question 3 A trial balance before adjustment included the following: Debit Credit Accounts receivable $110,000 Allowance for doubtful accounts $1,000
TF3:39 713- 66% ismu brightspace.com Question 3 A trial balance before adjustment included the following: Debit Credit Accounts receivable $110,000 Allowance for doubtful accounts $1,000 Sales 800,000 Sales returns and allowances 10,000 Instructions Prepare adjusting journal entries assuming that the estimate of uncollectibles is determined by taking a) 6% of gross accounts receivable, and b) 2% of net sales
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