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The trial balance before adjustment of Taylor Swift Inc shows the following balances. Instructions Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful

The trial balance before adjustment of Taylor Swift Inc. shows the following balances. Instructions 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 (b) 5% of gross accounts receivable and Allowance for Doubtful Accounts has a $1,700 credit balance.

Apr 09 2020 View more View Less

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