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Business, 04.11.2020 18:20 gdominguez2005

Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $128,500, allowance for doubtful accounts of $905 (credit) and sales of $1,045,000. If uncollectible accounts are estimated to be 6% of accounts receivable, what is the amount of the bad debts expense adjusting entry

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Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted t...
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