A company had the following items and amounts in its unadjusted trial balance as of December 31 of the current year: Prepare the adjusting entry to estimate bad debts assuming an aging analysis estimates that 8% of the outstanding accounts receivable will be uncollectible.

Question

A company had the following items and amounts in its unadjusted trial balance as of December 31 of the current year:  Prepare the adjusting entry to estimate bad debts assuming an aging analysis estimates that 8% of the outstanding accounts receivable will be uncollectible.

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The Answer of A company had the following items and amounts in its unadjusted trial balance as of December 31 of the current year:  Prepare the adjusting entry to estimate bad debts assuming an aging analysis estimates that 8% of the outstanding accounts receivable will be uncollectible.

A Company Had the Following Items and Amounts in Its