Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is...
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Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $272,000 and credit sales are $1,000,000. An aging of accounts receivable shows that approximately 8% of the outstanding receivables will be uncollectible. What adjusting entry will Tanning Company make if Allowance for Doubtful Accounts has a credit balance of $2,800 before adjustment? O a. Bad Debt Expense O b. Bad Debt Expense Oc Allowance for Doubtful Accounts O d. Allowance for Doubtful Accounts Bad Debt Expense Allowance for Doubtful Accounts Bad Debt Expense Allowance for Doubtful Accounts 19,960 17,960 18,460 18,960 19,960 17,960 18,460 18,960
anning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $272,000 and credit sales are $1,000,000. An ging of accounts receivable shows that approximately 8% of the outstanding receivables will be uncollectible. What adjusting entry will Tanning Company nake if Allowance for Doubtul Accounts has a credit balance of $2,800 before adjustment
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