Using data in Exercise 8-9, assume that the allowance for doubtful accounts for Quigley Industries has a

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Using data in Exercise 8-9, assume that the allowance for doubtful accounts for Quigley Industries has a credit balance of $14,280 before adjustment on November 30. Journalize the adjusting entry for uncollectible accounts as of November 30.

Data fro Exercise 8-9:

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Corporate Financial Accounting

ISBN: 9781337398169

15th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Dec 31, 2018 05:29 AM

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Using data in Exercise 8-9, assume that the allowance for doubtful accounts for Quigley Industries has a

Question:

Percent Age Class Uncollectible Not past due 1-30 days past due 31-60 days past due 61–90 days past due Over 90 days past due 1% 15 35 60

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Nov 30 Bad Debt Expense 53850 Allowa...View the full answer

Corporate Financial Accounting

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