Question: Yates Co . uses the allowance method to account for bad debts. At the end of the period Yate's unadjusted trial balance shows an accounts

Yates Co. uses the allowance method to account for bad debts. At the end of the period Yate's unadjusted trial balance shows an accounts receivable balance of 1$0,000; allowance for doubtful accounts balance of $400(credit); and sales of $500,000. Based on history, Yates estimates that bad credit will be 1% of sales. The entry to record estimated bad

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