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Wha amount of the adjusting entry to record? bad-debt

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Turbo Company has an allowance for doubtful accounts with a? $300 credit balance. Net credit sales for the period were $ 180,000. An aging process shows that $ 4500 of the accounts receivable probably will be uncollectible. In? addition, Turbo believes that? 4.5% of all net credit sales are uncollectible.

Question 1: If the aging approach is used to estimate? uncollectibles, what is the amount of the adjusting entry to record? bad-debt expense, and what is the balance in allowance for doubtful accounts after the adjusting entry is? made?

A. $ 4 , 200 and $ 4 , 500?, respectively

B. $ 4 , 500 and $ 4 , 200?, respectively

C. $ 4 , 200 and $ 4 , 800?, respectively

D. $ 4 , 800 and $ 4 , 500?, respectively

Reference no: EM132497870

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