Question: how do you do this D Question 29 25 pts The ledger for Asheville Company on December 31 shows the following balances: . Accounts Receivable:
how do you do this

D Question 29 25 pts The ledger for Asheville Company on December 31 shows the following balances: . Accounts Receivable: $175,000 . Allowance for Doubtful Accounts: $4,000 credit . Sales Revenue: $400,000 . Sales Returns & Allowances: $10,000 a. Journalize the adjusting entry at December 31, assuming that 4% of their net sales will be uncollectible. b. Journalize the adjusting entry at December 31, assuming that 8% of their accounts receivable will be uncollectible. Edit View Insert Format Tools Table 12pt Paragraph
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