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The adjusted trial balance before adjustment of Marigold Inc. shows the following balances. Dr. Cr. Accounts Receivable $77,400 Allowance for Doubtful Accounts 1,505 Sales Revenue
The adjusted trial balance before adjustment of Marigold Inc. shows the following balances. Dr. Cr. Accounts Receivable $77,400 Allowance for Doubtful Accounts 1,505 Sales Revenue (all on credit) $584,800 Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of (a) 4% of gross accounts receivable and (b) 5% of gross accounts receivable and Allowance for Doubtful Accounts has a $1,435 credit balance. (If no entry isrequired,select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) No. Account Titles and Exp
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