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24-03-2022
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If Allowance for Doubtful Accounts has a credit balance of $4,400 in the trial balance and bad debts are expected to be 10% of accounts receivable, journalize the adjusting entry for the end of the period.

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24-03-2022

Answer:

a. Adjusting Journal entry Accounts/ Explanations Debit Credit Bad Debts Expense $10,600 Allowance for Doubtful Accounts

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