5. Mrs. T's Pizza Shop had the following account balances at October 31, 2019: $1,150,000 $35,000...

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5. Mrs. T's Pizza Shop had the following account balances at October 31, 2019: $1,150,000 $35,000 $945,000 Accounts Receivable *Allowance for doubtful accounts Credit Sales for Oct. 2019 *Before any estimate uncollectibles are taken into account. Mrs. T is considering the following methods of estimating doubtful accounts expense for Oct. 2019: Based on credit sales at 3% Based on accounts receivable at 6% (A) Determine the amount that Mrs. T should charge to Bad Debts Expense under each method. (B) Record the journal entry for Bad Debt Expense on 10/31/19. % of Accounts Receivables (25 PTS) 5. Mrs. T's Pizza Shop had the following account balances at October 31, 2019: $1,150,000 $35,000 $945,000 Accounts Receivable *Allowance for doubtful accounts Credit Sales for Oct. 2019 *Before any estimate uncollectibles are taken into account. Mrs. T is considering the following methods of estimating doubtful accounts expense for Oct. 2019: Based on credit sales at 3% Based on accounts receivable at 6% (A) Determine the amount that Mrs. T should charge to Bad Debts Expense under each method. (B) Record the journal entry for Bad Debt Expense on 10/31/19. % of Accounts Receivables (25 PTS)

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B E F 2 A Determine the amountthat Mrs T should charge to Bad Debts Expense un... View the full answer