Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of a of gross accounts receivable and b of gross accounts receivable and Allowance for Doubtful Accounts has a $ credit balance. If no entry is required, select No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.
No Account Titles and Explanation
Debit
Credit
a
b
Answer & Explanation
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