Business, 05.11.2019 01:31 Maria3737

Ryan leaf company uses the percentage–of-receivables method for recording bad debts expense. the accounts receivable balance is $60,000 at year-end and the total credit sales were $2,300,000 for the year. management estimates that 3% of receivables will be uncollectible. what adjusting entry should be made if the allowance for doubtful accounts has a credit balance of $200 before adjustment?

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Ryan leaf company uses the percentage–of-receivables method for recording bad debts expense. the acc...

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