SAT
SAT, 21.01.2022 14:00, JellalFernandes

At the end of the current year, the accounts receivable account has a debit balance of $2,950,000 and sales for the year total $27,400,000. The allowance account before adjustment has a credit balance of $10,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $188,000. Determine the amount of the adjusting entry to provide for doubtful accounts:.

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At the end of the current year, the accounts receivable account has a debit balance of $2,950,000 an...

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