Business, 14.08.2019 08:10 alwaysneedhelp8420
Acompany has $90,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 4% of outstanding receivables are uncollectible. the current balance (before adjustments) in the allowance for doubtful accounts is an $800 debit. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for: $3,600$3,568$3,632$2,800$4,400
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Acompany has $90,000 in outstanding accounts receivable and it uses the allowance method to account...
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