Business, 26.02.2021 03:10 nautiannaharper5891

At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 908,000 Credit sales 308,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable $ 133,000 debit Allowance for doubtful accounts 5,800 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 3% of credit sales, (2) 1% of total sales and (3) 6% of year-end accounts receivable.

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At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sal...

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