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Make the journal entry to record the adjustment

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Question - A company has $105,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Experience suggests that 4% of outstanding receivables are uncollectible. The current balance (before adjustments) in the allowance for doubtful accounts is a(n) $950 credit. Make the journal entry to record the adjustment to the allowance account includes a debit to Bad Debts Expense?

Reference no: EM132920135

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