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Accounts receivable and bad debt journal entries

Prepare example journal entries to account for transactions related to accounts receivable and bad debt using both percentage of sales and the percentage of receivables methods.

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Solution Preview

Here are the two classic entries needed:

Estimate bad debts:
......................................DEBIT.............CREDIT
Bad debt expense.....................XX
Allowance for doubtful accounts........................XX

Write off account:
Allowance for doubtful ...

Solution Summary

The solution provides the accounts receivable and bad debt journal entries.

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