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What adjusting entry will wilson company make

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Point 1: Molson Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $200,000 and credit sales are $1,300,000. An aging of accounts receivable shows that approximately 10% of the outstanding receivables will be uncollectible.

Question 1: What adjusting entry will Wilson Company make if Allowance for Doubtful Accounts has a credit balance of $2,500 before adjustment?

Reference no: EM132487499

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