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Business, 21.03.2020 09:41 maevemboucher78
Ana Co. uses the allowance method to account for bad debts. At the end of the period, Ana's unadjusted trial balance shows an accounts receivable balance of $40,000; allowance for doubtful accounts balance of $300 (credit and sales of $500,000. Based on history. Ana estimates that bad debts will be 2 of accounts receivable. The entry to record estimated bad debts will include a debit to bad debts expense in the amount of:.
A. $800
B. $1.100
C. $10.000
D. $9,700
E. $10900
F. $500
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Ana Co. uses the allowance method to account for bad debts. At the end of the period, Ana's unadjust...
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