During 2009, Chun Productions, Inc., recorded credit sales of $700,000. Based on prior experience, it estimates a
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Required:
Prepare journal entries for each transaction:
a. The appropriate bad debt expense adjustment was recorded for the year 2009.
b. On December 31, 2009, an account receivable for $2,000 from March of the current year was determined to be uncollectible and was written off.
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a Bad debt expense E SE 700000 x 001 7000 Allow...View the full answer
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