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The trial balance before adjustment of Marin Inc, reporting under ASPE, includes the following balances: Accounts receivable $104,000 Allowance for doubtful accounts 1.995 Sales
The trial balance before adjustment of Marin Inc, reporting under ASPE, includes the following balances: Accounts receivable $104,000 Allowance for doubtful accounts 1.995 Sales revenue (all on credit) $652,000 Sales returns and allowances 28,400 (a1) Your answer is correct Prepare the entry for bad debt expense for the current year assuming the allowance should be 4% of gross accounts receivable (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No creditantry
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