Business
Business, 06.04.2021 01:30, daniellaZemira

Vaughn, Inc. had net sales in 2020 of $1,410,300. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $348,200 debit, and Allowance for Doubtful Accounts $2,940 credit. If Vaughn estimates that 10% of its receivables will prove to be uncollectible. Prepare the December 31, 2020, journal entry to record bad debt expense.

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Vaughn, Inc. had net sales in 2020 of $1,410,300. At December 31, 2020, before adjusting entries, th...

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