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The following information was obtained from the unadjusted trial balance of the Coe corporation for the year ending dumber 31. 2016. Prepare the adjusting entry
The following information was obtained from the unadjusted trial balance of the Coe corporation for the year ending dumber 31. 2016. Prepare the adjusting entry to record bad debt expense under the toileting assumptions (show calculations): One percent of the ND sales will prove uncollectible Ten percent of the gross accounts receivable will prove uncollected. Assume the same facts as indicated above except that the Doubtful Accounts has a debit balance of $2,000 What would the adjusting cones be for parts 1 a and 1 b under this circus. tan (Show calculations). A customer owing $200 to cos is not able to pay. Prepare the write off entry. The customer written often 3. above now pays. Prepare the necessary entries)
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