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Business, 07.04.2020 22:48 bellam302

Pharoah Company uses the percentage-of-receivables method for recording bad debt expense. The Accounts Receivable balance is $440000 and credit sales are $1760000. Management estimates that 6% of accounts receivable will be uncollectible. What adjusting entry will Pharoah Company make if the Allowance for Doubtful Accounts has a credit balance of $4400 before adjustment?

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Pharoah Company uses the percentage-of-receivables method for recording bad debt expense. The Accoun...
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