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Solutions for chapter 9

Solutions for chapter 9 - PROBLEM 9-4B(a(1 Dec 31 Bad Debts...

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Unformatted text preview: PROBLEM 9-4B (a) (1) Dec. 31 Bad Debts Expense........................... 15,450 ($16,750 – $1,300) Allowance for Doubtful Accounts................................. 15,450 (2) Dec. 31 Bad Debts Expense........................... 17,200 ($860,000 X 2%) Allowance for Doubtful Accounts................................. 17,200 (b) (1) Dec. 31 Bad Debts Expense........................... 18,050 ($16,750 + $1,300) Allowance for Doubtful Accounts................................. 18,050 (2) Dec. 31 Bad Debts Expense........................... 17,200 Allowance for Doubtful Accounts................................. 17,200 (c) Allowance for Doubtful Accounts............................. 4,500 Accounts Receivable.......................................... 4,500 Note: The entry is the same whether the amount of bad debt expense at the end of 2002 was estimated using the percentage of receivables or the percentage of sales method....
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Solutions for chapter 9 - PROBLEM 9-4B(a(1 Dec 31 Bad Debts...

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