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Sunland Company has a $137000 balance in Accounts Receivable and a $392 debit balance in Allowance for Doubtful Accounts
Posted: Thu May 19, 2022 12:29 pm
by answerhappygod
- Sunland Company Has A 137000 Balance In Accounts Receivable And A 392 Debit Balance In Allowance For Doubtful Accounts 1 (71.54 KiB) Viewed 61 times
Sunland
Company has a $137000 balance in Accounts Receivable and a $392 debit balance in Allowance for Doubtful Accounts at year end just prior to recording adjusting entries. Credit sales for the period totaled $902400. How much is the amount of the bad debt adjusting entry if Sunland estimates that 1.5% of its receivables will be uncollectible? $2447 $2055 $13536 O $1663