Business, 04.12.2020 16:30, hammackkatelyn60

A trial balance before adjustment included the following: Debit Credit Accounts receivable $120,000 Allowance for doubtful accounts 730 Sales $510,000 Sales returns and allowances 8,000 Give journal entries assuming that the estimate of uncollectibles is determined by taking (1) 5% of gross accounts receivable and (2) 1% of net sales.

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A trial balance before adjustment included the following: Debit Credit Accounts receivable $120,000...