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The trial balance before adjustment of Risen Company reports the following balances: Prepare the entry for estimated bad debts assuming that doubtful accounts are estimated
The trial balance before adjustment of Risen Company reports the following balances: Prepare the entry for estimated bad debts assuming that doubtful accounts are estimated to be 6% of gross accounts receivable. Assume that all the information above is the same, except that the Allowance for Doubtful Accounts has a debit balance of $5,000 instead of a credit balance. Prepare the entry for this entry
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