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Whispering Company reports the following financial information before adjustments. Prepare the journal entry to record bad debt expense assuming Whispering Company estimates bad debts at
Whispering Company reports the following financial information before adjustments. Prepare the journal entry to record bad debt expense assuming Whispering Company estimates bad debts at (a) 4% of accounts receivable and (b) 4$ of accounts receivable but Allowance for Doubtful Accounts had a $1,450 debit balance. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit occount titles are outomatically indented when the amount is entered. Do not indent manually. Ust all debit entries before credit entries.)
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