Broadway Company reported a balance in Accounts Receivable of $50,000 and a zero balance in the Allowance for Doubtful Accounts. The company’s aging of accounts receivable determined $12,200 to be uncollectible. Prepare the end-of-period adjusting entry to record bad debt expense.
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Broadway Company reported a balance in Accounts Receivable of $50,000 and a zero balance in the Allo...
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