Business, 03.08.2021 01:00 TaraC

Nash's Trading Post, LLC uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $100000 and credit sales are $1000000. Management estimates that 3% of accounts receivable will be uncollectible, what adjusting entry will Nash's Trading Post, LLC make if the Allowance for Doubtful Accounts has a credit balance of $1000 before adjustment? a. Bad Debt Expense 2000
Allowance for Doubtful Accounts 2000
b. Bad Debt Expense 10000
Accounts Receivable 10000
c. Bad Debt Expense 10000
Allowance for Doubtful Accounts 10000
d. Bad Debt Expense 2000
Accounts Receivable 2000

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Nash's Trading Post, LLC uses the percentage of receivables method for recording bad debts expense....

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