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Business, 25.03.2021 23:20 kingofguns1560

Prepare the adjusting entry to record bad debts under each separate assumption. Bad debts are estimated to be 1.5% of credit sales. Bad debts are estimated to be 1% of total sales. An aging analysis estimates that 5% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31).

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Prepare the adjusting entry to record bad debts under each separate assumption. Bad debts are estima...
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