Tanning company analyzes its receivables to estimate bad debt expense the accounts receivable balance is $350,000 and
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Tanning company analyzes its receivables to estimate bad debt expense the accounts receivable balance is $350,000 and credit sales are $1,000,000 an aging of accounts receivable shows that approximately 3% of the outstanding receivables will be uncollectible what adjusting entry will tanning company make if the allowance for doubtful accounts has a credit balance of $1,400 before adjustment?
Related Book For
Survey of Accounting
ISBN: 978-0078110856
3rd Edition
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor-Yi
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