Mathematics, 03.09.2019 04:30 shukriabdisabrie
Acompany has $90,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 4% of outstanding receivables are uncollectible. the current balance (before adjustments) in the allowance for doubtful accounts is an $800 credit. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for:
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Acompany has $90,000 in outstanding accounts receivable and it uses the allowance method to account...
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