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What the adjusting entry or entries

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Question - Netherland Corporation has the following unadjusted balances: Accounts Receivable, $84,000 (debit), and Allowance for Sales Discounts $340 (credit). Of the receivables, $54,000 of them are within the 2% discount period, and Netherland expects buyers to take $1,080 in future-period discounts ($54,000 × 2%) arising from this period's sales. What the adjusting entry or entries to estimate sales discounts?

Reference no: EM133056881

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