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Home Q & A Board Other Fields Homework Help Business Accounting
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bravata bravata
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7 years ago
Charmed, Inc. had credit sales for the period of $142,000. The balance in Allowance for Doubtful Accounts is a debit of $643. If Charmed ages Accounts Receivable and determines estimated uncollectible accounts to be $2,840, what is the required journal entry to record estimated uncollectible accounts?
A) Debit Bad Debt Expense, $2,840; credit Allowance for Uncollectible Accounts, $2,840.
B) No entry is required.
C) Debit Bad Debt Expense, $3,483; credit Allowance for Uncollectible Accounts, $3,483.
D) Debit Bad Debt Expense, $2,197; credit Allowance for Uncollectible Accounts, $2,197.
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Financial Accounting

Financial Accounting


Edition: 3rd
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antonio_johnantonio_john
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Massachusetts Institute of Technology
-- Accounting

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bravata Author
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#2
6 years ago
Thank you so much

I wish I knew about this years ago
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