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Question

If the trial balance has the following balances

Accounts Receivable Debit balance is 80,000

debit

Allowance for Doubtful accounts is 1750 a debit balance

Sales Revenue is credit 580,000


How do I calculate the estimated bad debt assuming that the allowance is to provide for doubtful accounts on the basis of

4% of gross accounts receivable and 5% of gross accounts receivable with allowance for doubtful accounts has a 1700 credit balance

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