Business, 14.11.2019 19:31, Irvin1323

Wilton, inc. had net sales in 2014 of $1,428,100. at december 31, 2014, before adjusting entries, the balances in selected accounts were: accounts receivable $317,300 debit, and allowance for doubtful accounts $2,780 credit.

assume that 11% of accounts receivable will prove to be uncollectible. prepare the entry to record bad debt expense. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)

assume wilton prepares an aging schedule that estimates total uncollectible accounts at $27,400. prepare the entry to record bad debt expense.(if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)

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Wilton, inc. had net sales in 2014 of $1,428,100. at december 31, 2014, before adjusting entries, th...