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Business, 18.03.2021 01:40 milkshakegrande101

Kingbird, Inc. had net sales in 2020 of $1,416,000. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $352,500 debit, and Allowance for Doubtful Accounts $1,886 debit. Assume that 11% of accounts receivable will prove to be uncollectible. Prepare the entry to record bad debt expense

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Kingbird, Inc. had net sales in 2020 of $1,416,000. At December 31, 2020, before adjusting entries,...

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