Borke Ltd. has a credit balance of NT$320,000 in Allowance for Doubtful Accounts. The estimated bad debt

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Borke Ltd. has a credit balance of NT$320,000 in Allowance for Doubtful Accounts. The estimated bad debt expense under the percentage-of-sales basis is NT$370,000. The total estimated un-collectibles under the percentage-of-receivables basis is NT$580,000. Prepare the adjusting entry under each basis.
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Financial Accounting

ISBN: 978-1118978085

IFRS 3rd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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