Credit terms are 2/10,n/30. At March 31, 2018, there is an unadjusted $2,500 credit balance...
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Credit terms are 2/10,n/30. At March 31, 2018, there is an unadjusted $2,500 credit balance in Allowance for Doubtful Accounts. The company uses the percentage of receivables by age category for estimating uncollectible accounts Pukalani's estimates of bad debts are as shown below. Prepare the adjusting entry at March 31,2018 , to record bad debts expense. (Credit account titles are automatically indented when 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.)
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Credit terms are 2/10,n/30. At March 31, 2018, there is an unadjusted $2,500 credit balance in Allowance for Doubtful Accounts. The company uses the percentage of receivables by age category for estimating uncollectible accounts Pukalani's estimates of bad debts are as shown below. Prepare the adjusting entry at March 31,2018 , to record bad debts expense. (Credit account titles are automatically indented when 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.) 