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Business, 09.07.2021 22:00, tombomb7395
Wildhorse Company has been in business several years. At the end of the current year, the ledger shows the following:
Accounts Receivable $325,200 Dr.
Sales Revenue 2,619,000 Cr.
Allowance for Doubtful Accounts 7,500 Cr.
Bad debts are estimated to be 5% of accounts receivable. Prepare the entry to adjust Allow- ance for Doubtful Accounts.
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Wildhorse Company has been in business several years. At the end of the current year, the ledger sho...
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