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The trial balance before adjustment of Sheffield Inc. shows the following balances. Give the entry for estimated bad debts assuming that the allowance is to

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The trial balance before adjustment of Sheffield Inc. shows the following balances. Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the base of (a) 5% of gross accounts receivable and (b) 6% of gross accounts receivable and Allowance for Doubtful Accounts has a $1, 858 credit balance. (If no entry is required, select "No entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) By accessing this Question Assistance, you will learn while you earn points based on the Point potential Policy set by your instructor

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