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Blosson company uses the percentage of recievables basis to record bad debt expense. Accounts recievable ( ending balance ) $ 5 0 0 0 0
Blosson company uses the percentage of recievables basis to record bad debt expense. Accounts recievable ending balance $debit and Allowance for doubtful accounts unadjusted $debit The company
estimates that of accounts recievable will become uncollectible.
a Prepare the adjusting journal entry to record bad debt expense for the year.
b what is the ending adjusted balance for doubtful accounts? and c what is the cash net realizable value?
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a To record the bad debt expense for the year the adjustin...Get Instant Access to Expert-Tailored Solutions
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