Prepare adjusting entry to record the uncollectable accounts

Reference no: EM13139655

At the end of the current year, Accounts Receivable has a balanced of $800,000; Allowance for Doubtful accounts has a debit balance if $2000; and Net Sales for the year total $2,200,000. Bad debt expense is estimated at 1/2 of 1% of net sales. Prepare the adjusting entry to record the uncollectable accounts expense for the year.

Reference no: EM13139655

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Prepare adjusting entry to record the uncollectable accounts : At the end of the current year, Accounts Receivable has a balanced of $800,000; Allowance for Doubtful accounts has a debit balance if $2000; and Net Sales for the year total $2,200,000. Bad debt expense is estimated at 1/2 of 1% of net sales. Pre..

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