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Business, 02.12.2020 17:10 sarinaneedshelp01

On December 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: Accounts Receivable, debit balance of $98,900; Allowance for Doubtful Accounts, credit balance of $1,131. What amount should be debited to Bad Debts Expense, assuming 4% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible

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On December 31 of the current year, the unadjusted trial balance of a company using the percent of r...
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