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The unadjusted trial balance at year end for a company that uses the percent of...

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Accounting

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The unadjusted trial balance at year end for a company that uses the percent of receivables method to determine its bad debts expense reports the following selected amounts 442,000 Debit 2,170,000 Credit on past experience the company estrates Allowance for Doubt ful Accounts Net Sales 1,320 Debit All sales are made on credit Based past company make at the end of the current year to record its estimated bad debts expense? 20% of ending account receivable to be uncollectible what adjusting entry should the The unadjusted trial balance at year end for a company that uses the percent of receivables method to determine its bad debts expense reports the following selected amounts Allowance for Doubtful Accounts Net Sales 438,000 Debit 1,280 Credit 2,130,000 Credit All sales are made on credit Based on past experience, the company estimates 2.0% o ending account receivable to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense

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