Business
Business, 16.04.2020 19:41, anyar

At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 904,000 Credit sales 304,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable $ 129,000 debit Allowance for doubtful accounts 5,400 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (a) 3% of credit sales, (b) 1% of total sales and (c) 6% of year-end accounts receivable.

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At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sal...

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