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Please help on part b (part a is correct) Current Attempt in Progress The...

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Accounting

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Please help on part b (part a is correct)

Current Attempt in Progress The trial balance before adjustment of Coronado Company reports the following balances: Prepare the entry for estimated bad debts assuming that doubtful accounts are estimated to be 5% of gross accounts receivable. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) b) Assume that all the information above is the same, except that the Allowance for Doubtful Accounts has a debit balance of $1,310 instead of a credit balance. Prepare the journal entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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