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Zarrin [17]
3 years ago
8

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 and (b) 5% of gross accounts receivable and Allowance for Doubtful Accounts has a $1,700 credit balance.
Business
1 answer:
RSB [31]3 years ago
8 0

Answer:

(a) estimated bad debts is $42,500

(b) estimated bad debts is $34,000

Explanation:

(a) 1,700/4%= 42,500

(b) 1,700/5%=34,000

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Answer:

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