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Business, 13.08.2021 20:20 DnsMonsteR7712

Novak Corp. uses the percentage-of-receivables method for recording bad debt expense. The Accounts Receivable balance is $430000 and credit sales are $1720000. Management estimates that 5% of accounts receivable will be uncollectible. What adjusting entry will Novak Corp. make if the Allowance for Doubtful Accounts has a credit balance of $4300 before adjustment

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Novak Corp. uses the percentage-of-receivables method for recording bad debt expense. The Accounts R...
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