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Business, 20.07.2019 03:50 Kaesy24

Skysong, inc. uses the percentage of receivables method for recording bad debts expense. the accounts receivable balance is $140000 and credit sales are $1410000. management estimates that 3% of accounts receivable will be uncollectible. what adjusting entry will skysong, inc. make if the allowance for doubtful accounts has a credit balance of $1400 before adjustment?

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Skysong, inc. uses the percentage of receivables method for recording bad debts expense. the account...
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