Business, 15.04.2020 00:18 hajoshh

Oriole Company uses the percentage-of-receivables method for recording bad debt expense. The Accounts Receivable balance is $380000 and credit sales are $1520000. Management estimates that 6% of accounts receivable will be uncollectible. What adjusting entry will Oriole Company make if the Allowance for Doubtful Accounts has a credit balance of $3800 before adjustment?

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Oriole Company uses the percentage-of-receivables method for recording bad debt expense. The Account...