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Bridgeport Company reports the following financial information before adjustments. Dr Cr. Accounts Receivable Allowance for...

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Accounting

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Bridgeport Company reports the following financial information before adjustments. Dr Cr. Accounts Receivable Allowance for Doubtful Accounts Sales Revenue (all on credit) Sales Returns and Allowances $145,600 $3,350 834,000 53,540 Prepare the journal entry to record bad debt expense assuming Bridgeport Company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but Allowance for Doubtful Accounts had a $1,420 debit balance. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account tities are automatically indented when the amount is entered. Do not indent manually No. Account Tities and Explanation Debit Credit

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