Blue, Inc. had net sales in 2017 of $1,410,000. At December 31, 2017, before adjusting...
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Accounting
Blue, Inc. had net sales in 2017 of $1,410,000. At December 31, 2017, before adjusting entries, the balances in selected accounts were Accounts Receivable $208,900 debit, and Allowance for Doubtful Accounts $1,823 debit. Assume that 11% of accounts receivable will prove to be uncollectible. Prepare the entry to record bad debt expense.
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