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What would the journal entry look like

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Question - Handy Andy Inc. has the following balances:

Accounts receivable $89,000

Allowance for doubtful accounts $1,950 (Credit Balance)

Net Credit Sales $342,000

If the company estimates that 4% of its sales will be uncollectible, what would the journal entry look like?

What is the net realizable value for letter a?

If the company estimates that 12% of its accounts receivable will be uncollectible, what would the journal entry look like?

What is the net realizable value for letter c?

Reference no: EM133155242

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