Question: Answer each question with separate tables for the journal entries. 1) What should be your adjusting entry for bad debts under the allowance for uncollectible
Answer each question with separate tables for the journal entries. 1) What should be your adjusting entry for bad debts under the allowance for uncollectible method? 2) What should be the adjusting entry when 25% of the bad debt will not be collected? 3) What should be the adjusting entry when 50% of the account written off was collected? 4) If the company decided to change the method in recognizing the bad debt to direct method, how should the entry in (1) be adjusted? Provide your answer in this format. You may add more rows as needed. Account Debit Credit Ido
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