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View Full Version : Year-end Adjusting enteries

alal1024
Sep 22, 2006, 10:47 AM
It is estimated that 5% of the accounts receivable balances, which is 49,000 will become uncollectible. What type of adjusting entry should I make?
CaptainForest
Sep 22, 2006, 11:56 AM
What is 5% of 49,000?

2,450

Dr. Bad Debt Expense 2,450
Cr. AFDA 2,450