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Using the allowance method, prepare journal entries for the following transactions in your mini Project On August 14, write off $1, 300 bad debt for

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Using the allowance method, prepare journal entries for the following transactions in your mini Project On August 14, write off $1, 300 bad debt for one account, Tooket. Additional information (this is used to prepare adjusting J.E.). Based on its historical data, the company estimated that the bad debts were about 1% of net credit sales

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