Business
Business, 18.12.2019 03:31, love0000

Brief exercise 8-5 blossom company uses the percentage-of-receivables basis to record bad debt expense and concludes that 4% of accounts receivable will become uncollectible. accounts receivable are $419,300 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,941.prepare the adjusting journal entry to record bad debt expense for the year.

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Brief exercise 8-5 blossom company uses the percentage-of-receivables basis to record bad debt expen...

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