The following accounts receivable information pertains to Marshall Inc. Determine the estimated uncollectible bad debt from Marshall
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The following accounts receivable information pertains to Marshall Inc.
Determine the estimated uncollectible bad debt from Marshall Inc. using the balance sheet aging of receivables method, and record the year-end adjusting journal entry for bad debt.
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Past-Due Category 0-30 days 31-90 days Over 90 days Accounts Receivable Total $84,550 32,230 22,170 Percentage Uncollectible 8% 16% 37%
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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