Question: Determining Financial Statement Effects of Bad Debts Using the Percentage of Credit Sales Method Using the following categories, indicate the effects of the transactions listed

Determining Financial Statement Effects of Bad Debts Using the Percentage of Credit Sales Method Using the following categories, indicate the effects of the transactions listed in E6-9. Use + for increase and − for decrease and indicate the accounts affected and the amounts.
Assets = Liabilities + Stockholders’ Equity

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