Business, 22.11.2021 14:00 Shubbs

Crane Company has a $185000 balance in Accounts Receivable and a $520 debit balance in Allowance for Doubtful Accounts at year end just prior to recording adjusting entries. Credit sales for the period totaled $1209600. How much is the amount of the bad debt adjusting entry if Crane estimates that 1.5% of its receivables will be uncollectible

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Crane Company has a $185000 balance in Accounts Receivable and a $520 debit balance in Allowance for...

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