Business, 09.03.2021 02:20 joannasalazar450

Coronado Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $140,800 Allowance for Doubtful Accounts $2,480 Sales Revenue (all on credit) 816,800 Sales Returns and Allowances 53,910 Prepare the journal entry to record bad debt expense assuming Coronado Company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but Allowance for Doubtful Accounts had a $1,540 debit balance.

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Coronado Company reports the following financial information before adjustments. Dr. Cr. Accounts Re...

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