Create the adjusting entry under each basis

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Reference no: EM13126131

Eaton Company has a credit balance of $3,500 in Allowance For Doubtful Accounts. The estimated bad debts expense under the percentage of sales basis is $4,1000. The total estimated uncollectibles under the percentage of receivable basis is $5,800. Prepare the adjusting entry under each basis.

Reference no: EM13126131

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