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The trial balance before adjustment of Kingbird, Inc., reporting under ASPE, includes the following balances: Debit Credit Accounts receivable $104,300 Allowance for doubtful accounts
The trial balance before adjustment of Kingbird, Inc., reporting under ASPE, includes the following balances: Debit Credit Accounts receivable $104,300 Allowance for doubtful accounts 1.955 Sales revenue (all on credit) $675,000 Sales returns and allowances 31,700 (a1) Prepare the entry for bad debt expense for the current year assuming the allowance should be 3% of gross accounts receivable OL ENG US
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