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Business, 27.03.2020 01:27 Bhoom7232

Bonita Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $132,800 Allowance for Doubtful Accounts $2,810 Sales Revenue (all on credit) 806,700 Sales Returns and Allowances 51,060 Prepare the journal entry to record bad debt expense assuming Bonita Company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but Allowance for Doubtful Accounts had a $1,480 debit balance

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Bonita Company reports the following financial information before adjustments. Dr. Cr. Accounts Rece...

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