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Answer the following questions Question 1: (B1&C1&D3) (10 points) A trial balance before adjustment included the following: Credit Debit $80,000 Accounts receivable Allowance for doubtful
Answer the following questions Question 1: (B1&C1&D3) (10 points) A trial balance before adjustment included the following: Credit Debit $80,000 Accounts receivable Allowance for doubtful accounts Sales 730 $340,000 Give journal entries assuming that the estimate of uncollectible is determined by: 1. Taking 5% of accounts receivable 2- Taking 1% of sales Answer of Question 1
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds
10th Edition
126410068X, 9781264100682
