tatimcgowan tatimcgowan

21-07-2017
Business

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For the year, cash sales are $700,000 and credit sales are $2,500,000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Valli Company make to record the bad debts expense?

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Aliwohaish12 Aliwohaish12

21-07-2017

Bad debt expenses 25000
To allowance for doubtful a/c 25000
2500000×0.01=25000

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