Business, 06.11.2019 22:31 elissiashontelbrown
At year-end (december 31), chan company estimates its bad debts as 0.5% of its annual credit sales of $975,000. chan records its bad debts expense for that estimate. on the following february 1, chan decides that the $580 account of p. park is uncollectible and writes it off as a bad debt. on june 5, park unexpectedly pays the amount previously written off. prepare the journal entries for these transactions.
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At year-end (december 31), chan company estimates its bad debts as 0.5% of its annual credit sales o...
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