accounting-Account Titles and Explanation Debit Credit

QUESTION

Account Titles and Explanation

Debit

Credit

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.wiley.com/edugen/shared/assignment/test/qview.uni?id=quest2422912entrance1&selected_question=quest2422912&operation=take-question” title=”Show List of Accounts”>SHOW LIST OF ACCOUNTS

.wiley.com/edugen/shared/assignment/test/qview.uni?id=quest2422912entrance1&selected_question=quest2422912&operation=take-question” title=”Link to Text 1″>LINK TO TEXT

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If Allowance for Doubtful Accounts has a credit balance of
$2,800 in the trial balance, journalize the adjusting entry at
December 31, assuming bad debts are expected to be (1) 2% of net
sales, and (2) 11% of accounts receivable.(Credit account titles
are automatically indented when amount is entered. Do not indent
manually.)

No.

Account Titles
and Explanation

Debit

Credit

(1)

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(2)

.0/msohtmlclip1/01/clip_image001.gif” alt=”Description: http://edugen.wiley.com/edugen/art2/common/pixel.gif”>

.wiley.com/edugen/shared/assignment/test/qview.uni?id=quest2422912entrance1&selected_question=quest2422912&operation=take-question” title=”Show List of Accounts”>SHOW LIST OF ACCOUNTS

.wiley.com/edugen/shared/assignment/test/qview.uni?id=quest2422912entrance1&selected_question=quest2422912&operation=take-question” title=”Link to Text 1″>LINK TO TEXT

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.0/msohtmlclip1/01/clip_image003.png” alt=”Description: http://edugen.wiley.com/edugen/art2/common/pixel.gif”>

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If Allowance for Doubtful Accounts has a debit balance of
$250 in the trial balance, journalize the adjusting entry at
December 31, assuming bad debts are expected to be (1) 3% of net
sales and (2) 7% of accounts receivable.(Credit account titles
are automatically indented when amount is entered. Do not indent
manually.)

No.

Account Titles
and Explanation

Debit

Credit

(1)

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(2)

.0/msohtmlclip1/01/clip_image001.gif” alt=”Description: http://edugen.wiley.com/edugen/art2/common/pixel.gif”>

.wiley.com/edugen/shared/assignment/test/qview.uni?id=quest2422912entrance1&selected_question=quest2422912&operation=take-question” title=”Show List of Accounts”>SHOW LIST OF ACCOUNTS

.wiley.com/edugen/shared/assignment/test/qview.uni?id=quest2422912entrance1&selected_question=quest2422912&operation=take-question” title=”Link to Text 1″>LINK TO TEXT

.0/msohtmlclip1/01/clip_image002.png” alt=”Description: http://edugen.wiley.com/edugen/art2/common/pixel.gif”>

.0/msohtmlclip1/01/clip_image003.png” alt=”Description: http://edugen.wiley.com/edugen/art2/common/pixel.gif”>

.0/msohtmlclip1/01/clip_image002.png” alt=”Description: http://edugen.wiley.com/edugen/art2/common/pixel.gif”>

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