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Becker co wrote off 45000 in bad debts in 20x1 required a

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Becker Co. wrote off $45,000 in bad debts in 20X1. REQUIRED: a. Prepare the write-off entry using the direct write-off method. b. Prepare the write-off entry using the allowance method. c. Now assume that Becker uses the allowance method and estimates its uncollectible accounts as 1% of credit sales. Credit sales during 20X1 were $2 million. Prepare the AJE for uncollectible accounts. General Journal Date Description Debit Credit

Reference no: EM13599523

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