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Business, 23.03.2020 22:33 nforrestall

Indigo Company reports the following financial information before adjustments.

Dr. Cr.
Accounts Receivable $132,500
Allowance for Doubtful Accounts $3,970
Sales Revenue (all on credit) 838,100
Sales Returns and Allowances 50,780

Prepare the journal entry to record bad debt expense assuming Carla Company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but Allowance for Doubtful Accounts had a $1,570 debit balance.

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Indigo Company reports the following financial information before adjustments.

Dr. Cr....

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