Business, 17.09.2019 22:30 zoet1027

Sather ltd. had the following unadjusted account balances at dec. 31, 2019: a/r allowance for doubtful accounts sales required 1. assume that slather ltd. estimated its uncollectible accounts at dec. 31., 2019 to be 2% of sales a. prepare the appropriate adjusting entry to record the estimated uncollectible accounts at dec. 31, 2019 b. calculate the balance in the allowance for doubtful accounts account after posting the adjusting entry 2. assume that sather ltd. estimated its uncollectible accounts at dec. 31, 2019 to be 10% of the net a/r balance a. prepare the appropriate adjusting entry to record the estimated uncollectible accounts at dec. 31, 2019 b. calculate the balance in the ada account after posting the adjusting entry why is there a difference in the calculated estimates of doubtful accounts in questions 1 & 2?

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Sather ltd. had the following unadjusted account balances at dec. 31, 2019: a/r allowance for doubt...

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