A company reports the following amounts at the end of 2024(before adjustment): Record...
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Accounting
A company reports the following amounts at the end of before adjustment:
Record the adjusting entry for uncollectible accounts using the percentageofreceivables method. The company estimates of receivables will not be collected. Round to the penny.
Record the adjusting entry for uncollectible accounts using the percentageofcreditsales method. The company estimates of credit sales will not be collected.
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