Business, 24.12.2019 21:31 tylerharmsss

Marigold company has a credit balance of $3,000 in allowance for doubtful accounts. the estimated bad debt expense under the percentage-of-sales basis is $4,100. the total estimated uncollectibles under the percentage-of-receivables basis is $5,800.
prepare the adjusting entry under each basis. (credit account titles are automatically indented when the amount is entered. do not indent manually.)
account titles & explanation debit credit
(under the percentage-of-sales basis)
account titles & explanation debit credit
(under the percentage-of-receivables basis)

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Marigold company has a credit balance of $3,000 in allowance for doubtful accounts. the estimated ba...

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