Teal Company reports the following financial information before adjustments. Ear Accounts Receivable Allowance for Doubtful...
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Teal Company reports the following financial information before adjustments. Ear Accounts Receivable Allowance for Doubtful Accounts Sales Revenue (all on credit) Sales Returns and Allowances $155,400 $3,790 819,100 54,900 Prepare the ournal entry to record bad debt expense assuming Tea Company estimates bad debts at a 5% of accounts receivable and b) 5% of accounts receivable but Allowance for Doubtful Accounts had a $1,630 debit balance. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not ndent manually.) No. Account Titles and Explanation Debit Credit f) Click if you would like to Show Work for this question: Open Show Work
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