Entries for bad debt expense Angola Corp.'s unadjusted trial balance included the following: Instructions Prepare adjusting journal entries assuming that the estimate of uncollectibles is determined by using
a)4% of gross accounts receivable and
b)1.5% of net sales.

Question

Entries for bad debt expense Angola Corp.'s unadjusted trial balance included the following:  Instructions Prepare adjusting journal entries assuming that the estimate of uncollectibles is determined by using 
a)4% of gross accounts receivable and
b)1.5% of net sales.

Quizplus · Accepted Answer

The Answer of Entries for bad debt expense Angola Corp.'s unadjusted trial balance included the following:  Instructions Prepare adjusting journal entries assuming that the estimate of uncollectibles is determined by using 
a)4% of gross accounts receivable and
b)1.5% of net sales.

Entries for Bad Debt Expense Angola Corp