Business, 29.03.2021 21:40 xavierfox1721

The trial balance before adjustment of Shamrock Inc. shows the following balances. Dr. Cr. Accounts Receivable $100,800 Allowance for Doubtful Accounts 1,960 Sales Revenue (all on credit) $761,600 Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of (a) 4% of gross accounts receivable and (b) 5% of gross accounts receivable and Allowance for Doubtful Accounts has a $1,880 credit balance.

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The trial balance before adjustment of Shamrock Inc. shows the following balances. Dr. Cr. Accounts...