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What is the adjusting entry to record Bad Debts Expense

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Question - At December 31, Yarrow Company reports the following results for its calendar year from the adjusted trial balance. Credit sales $2,300,000 Cash sales 1,050,000 Accounts Receivable 295,000 Allowance for doubtful accounts (credit balance) 750.

What is the adjusting entry to record Bad Debts Expense assuming uncollectabless are estimated to be 1.1% of credit sales?

What is the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be .8% of total sales?

What is the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be 7.0% of year-end accounts receivables?

Reference no: EM132736991

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