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The trial balance before adjustment of Skysong, Inc., reporting under ASPE, includes the following balances: Debit Credit Accounts receivable $105,900 Allowance for doubtful accounts
The trial balance before adjustment of Skysong, Inc., reporting under ASPE, includes the following balances: Debit Credit Accounts receivable $105,900 Allowance for doubtful accounts 2.000 Sales revenue (all on credit) $687,000 Sales returns and allowances 28,400 (a1) (a1) 0/30 E X Your answer is incorrect. Prepare the entry for bad debt expense for the current year assuming the allowance should be 3% 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 Entry" for the account titles and enter O for the amounts. List debit entry before credit entry) Account Titles and Explanation Debit Credit eTextbook and Media (a2) The parts of this question must be completed in order. This part will be available when you complete the part above. (a3) The parts of this question must be completed in order. This part will be available when you complete the part above. (a4) The parts of this question must be completed in order. This part will be available when you complete the part above
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