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Marin, Inc. had net sales in 2017 of $1,425,600. At December 31, 2017, before adjusting entries, the balances in selected accounts were Accounts Receivable $240,100 debit, and Allowance for Doubtful Accounts
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Marin, Inc. had net sales in 2017 of $1,425,600. At December 31, 2017, before adjusting entries, the balances in selected accounts were Accounts Receivable $240,100 debit, and Allowance for Doubtful Accounts $1,849 debit. Assume that 11% of accounts receivable will prove to be uncollectible.

Prepare the entry to record bad debt expense.

User Defines
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Answer:

$24,562

Step-by-step explanation:

Dr Bad Debt Expense $24,562

Cr Allowance for Doubtful Accounts

[(0.11×$240,100)- $1,849] $24,562

User Aviv Ben Shabat
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