Rytronics uses the percentage of receivables method for estimating bad debts expense. the accounts receivable balance is $100,000 at year-end and the total credit sales were $800,000. management estimates that 4% of receivables will be uncollectible. what adjusting entry will be recorded if the allowance for doubtful accounts has a credit balance of $800 before adjustment?
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Rytronics uses the percentage of receivables method for estimating bad debts expense. the accounts r...
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