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Business, 28.05.2021 01:00 ajahbraun

Swifty, Inc. had net sales in 2020 of $1,416,300. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $370,500 debit, and Allowance for Doubtful Accounts $3,380 credit. If Swifty estimates that 8% of its receivables will prove to be uncollectible. Prepare the December 31, 2020, journal entry to record bad debt expense.

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Swifty, Inc. had net sales in 2020 of $1,416,300. At December 31, 2020, before adjusting entries, th...
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