Pei Latar Company makes all sales on account and allows customers 30 days to pay #DATA for the last three years are in the spreadsheet PLC estimates bad debts at 0.4% of sales because most customers pay on time and in full use this data to.A. Prepare the adjusting entries for 2021, 2022 and 2023.B. calculate the ending balance in allowance for doubtful accounts for each yearC. What patterns do you observe that PLC should be aware of ?

Answer rating: 100% (QA)

A Adjusting Entries The adjusting entry for bad debts can be calculated by multiplying the sales ... View the full answer