The trial balance before adjustment of Taylor Swift Inc. shows the following balances. Dr. Cr. Accounts Receivable $90,000Allowance for Doubtful Accounts 1,750Sales Revenue (all on credit) $680,000Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of (a) 4% of gross accounts receivable and (b) 5% of gross accounts receivable and Allowance for Doubtful Accounts has a $1,700 credit balance.
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The trial balance before adjustment of Taylor Swift Inc. shows the following balances. Dr. Cr. Accou...
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