Business, 05.10.2019 02:10, ttangelique

Knowledge check 01 carlton company uses the percent of sales method to estimate its bad debt expense. based on past experience, the company estimates 2 percent of credit sales to be uncollectible. at the end of the current year, the company's unadjusted trial balance shows accounts receivable of $245,000 and credit sales of $900,000. prepare the necessary december 31 adjusting entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.

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Knowledge check 01 carlton company uses the percent of sales method to estimate its bad debt expense...