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The Allowance for Bad Debts Account Has a Credit Balance

question 4

Essay

The Allowance for Bad Debts account has a credit balance of $2,000 before the adjusting entry for bad debt expense. The company's management estimates that 2% of net credit sales will be uncollectible for the year 2015. Net credit sales for the year amounted to $250,000. Give journal entry to record the bad debts expense at December 31, 2015.


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Word Choice

The selection of specific words to effectively and precisely convey meaning in verbal or written communication.

Pregnancy Discrimination

Unfair treatment of a woman in the workplace due to her pregnancy, childbirth, or related medical conditions.

Discriminated

Treated unfairly or unfavorably because of certain distinguishing characteristics.

Lewd

Offensive in a sexual way; showing or intended to excite sexual desire or interest that is considered inappropriate.

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