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Prepare the entry to adjust allowance for doubtful accounts

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Reference no: EM133172334

Question - Splish Brothers has been in business several years. At the end of the current year, the unadjusted trial balance shows:

Accounts Receivable $336,800 Dr.

Sales Revenue 2,217,800 Cr.

Allowance for Doubtful Accounts 5,944 Cr.

Bad debts are estimated to be 7% of receivables. Prepare the entry to adjust Allowance for Doubtful Accounts.

Reference no: EM133172334

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