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Business, 30.07.2020 04:01 triciajfive

Coronado, Inc. had net sales in 2017 of $1,493,700. At December 31, 2017, before adjusting entries, the balances in selected accounts were Accounts Receivable $329,800 debit, and Allowance for Doubtful Accounts $4,060 credit. If Coronado estimates that 9% of its receivables will prove to be uncollectible. Prepare the December 31, 2017, journal entry to record bad debt expense.

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Coronado, Inc. had net sales in 2017 of $1,493,700. At December 31, 2017, before adjusting entries,...
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