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Assume that every month, Dockrill Corp. estimates from experience that about 2% of net credit...

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Accounting

Assume that every month, Dockrill Corp. estimates from experience that about 2% of net credit sales will become uncollectible. Dockrill follows IFRS. If Dockrill has net credit sales of $400,000 in January 2023 what journal entries would it make at the end of January to record loss on impairment for the morh? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles Save for Later Debit Credit Attempts: 0 of 2 used Submit Answer SUPPOR

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