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?
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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?
What is 5% of 49,000?
2,450
Dr. Bad Debt Expense 2,450
Cr. AFDA 2,450
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