Business, 02.07.2020 01:01 mbaun1170

what's 3/4 cuProviding for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $1,154,000 and sales for the year total $13,090,000. The allowance account before adjustment has a debit balance of $15,600. Bad debt expense is estimated at 3/4 of 1% of sales. The allowance account before adjustment has a debit balance of $15,600. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $49,900. The allowance account before adjustment has a credit balance of $7,300. Bad debt expense is estimated at 1/2 of 1% of sales. The allowance account before adjustment has a credit balance of $7,300. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $60,600. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above.

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what's 3/4 cuProviding for Doubtful Accounts At the end of the current year, the accounts receivable...

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