Question: In 100 words or fewer, explain the difference between the percent-of-sales method and the aging-of-receivables method for calculating the journal entry to adjust the Allowance

In 100 words or fewer, explain the difference between the percent-of-sales method and the aging-of-receivables method for calculating the journal entry to adjust the Allowance for Bad Debts.

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In 100 words or fewer, explain the difference between the percent-of-sales method and the aging-of-receivables method for calculating the journal entry to adjust the Allowance for Bad Debts.

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