Business, 25.10.2019 03:43 balochmisbah6626
On december 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: accounts receivable, debit balance of $97,400; allowance for doubtful accounts, credit balance of $981. what amount should be debited to bad debts expense, assuming 3% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible?
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On december 31 of the current year, the unadjusted trial balance of a company using the percent of r...
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